You cause an accident and injure the other driver. the case goes to trial and there is a verdict to compensate the injured person with $58,000

If you have a $75,000 coverage limit per person for bodily injury and the verdict in the trial is to compensate the injured person with $58,000, the insurance company will pay the full $58,000. This is because the amount awarded in the verdict is less than the coverage limit for bodily injury. However, if the verdict had been for an amount greater than $75,000, the insurance company would only be responsible for paying up to the policy limit of $75,000, and you would be responsible for paying the remaining amount out of pocket.

Since you have a coverage of $75000 so the insurance company could cover $58000 out of it to compensate the injured person.

Insurance coverage- Insurance coverage is the amount of risk or liability that is covered by insurance services for an individual or entity. An insurer provides insurance coverage, such as auto insurance, life insurance, or more exotic forms, such as hole-in-one insurance, in the event of unforeseen events.
Most financial experts recommend four types of insurance: life, health, auto, and long-term disability.
The amount of risk, liability, or potential loss that insurance protects is referred to as insurance coverage. It assists individuals in recovering from financial losses caused by incidents such as car accidents, property damage, or unexpected health issues.