In Oregon, all drivers are requited to carry two main types of liability coverage: property damage liability and bodily injury liability. By having these two forms of liability insurance in place, the driver is protected if he or she causes an accident that results in the injury or the death of another person. This insurance also keeps the insured driver protected from having to pay for any damages that may result from an accident that he or she caused to happen.
Oregon law also requires drivers to carry minimum liability coverage at a ratio of 25/50/10. Therefore, all Oregon auto insurance companies must follow these guidelines. In order to abide by this formula, Oregon drivers are required to carry bodily injury liability insurance in the amount of at least $25,000 per person. Each Oregon driver must have at least $50,000 in bodily injury coverage per accident. All Oregon drivers are also required to carry $10,000 of coverage for property damage.
Bodily Injury Liability, or BI for short, must cover at least $25,000 of costs per person involved with an accident caused by the insured driver. Furthermore, Oregon drivers are required to have a total of $50,000 in coverage per accident as well. Bodily Injury Liability insurance also covers the expenses resulting from injury or death in an accident that is caused by the insured driver. Bodily Injury insurance also pays the expenses that are associated with the injury or death of the other driver or of any passengers involved with the accident. Pedestrians affected by the accident are covered as well.
Property Damage insurance, or PD insurance for short, is a type of liability insurance that is intended to cover the costs associated with damaged property. This insurance may include providing payment for damaged property that needs to be repaired as well as for the cost of replacing the damaged property. This Personal Damage insurance must be in the amount of at least $10,000 in Oregon.
In order to register their vehicles in Oregon, every driver is required to demonstrate that he or she has properly insured the vehicle. Each driver is also required to show that he or she has met the minimum requirements as required by the state’s law. There are numerous methods an Oregon driver can use to prove that he or she has the required coverage, though using the insurance card that was issued by the insurance company is certainly the easiest method to use.
If the Oregon driver does not have his or her insurance card, he or she has many other options to choose from. For example, he or she can show the actual policy providing the coverage or may use the receipt from the premium payment as proof of coverage. For those Oregon drivers that purchased a vehicle within the last 60 days, proof that the replaced vehicle was properly insured will serve as proof that the new vehicle has the appropriate coverage.