1. Bodily Injury Liability: If the accident results in bodily injuries to the other driver or passengers, you may be liable for their medical expenses, pain and suffering, lost wages, and other damages. The amount you'll have to pay depends on the extent of the injuries and the limits of your liability insurance coverage.
2. Property Damage Liability: Even if your car sustains no damage, you may still be responsible for damage caused to the other person's vehicle or property. This could include repairs, replacement of damaged items, and other associated costs. The amount you pay will depend on the extent of the damage and your property damage liability coverage limits.
3. Legal Defense Costs: If the other party files a lawsuit against you for damages, you'll likely be responsible for your legal defense costs, including attorney's fees and court expenses. These costs can be significant, especially in complex or prolonged legal cases.
4. Out-of-Pocket Expenses: In addition to the above, you may also be liable for out-of-pocket expenses related to the accident, such as towing fees, car rental costs while your car is being repaired, and medical co-pays or deductibles for your own injuries (if applicable).
Remember, the exact amount you'll have to pay depends on the specific circumstances of the accident, the extent of damages, and the terms of your auto insurance policy. It's important to consult with your insurance company as soon as possible after an accident to understand your coverage and potential liabilities.
