Sentences with phrase «actual cost of an accident»

Still, researchers at the Insurance Information Institute maintain that state minimum coverage amounts are usually inadequate for the actual cost of accidents.

However, even these amounts are often insufficient funds to cover the actual cost of an accident.

However, most car insurance minimums do not cover the actual cost of an accident.

If the limits specified on your purchased policy are lower than the actual cost of the accident, you will be responsible for the remainder of the balance.

If the actual costs of an accident exceed your coverage limits, you'll be stuck paying the rest out of pocket, so it's always a good idea to get as much liability coverage as you can reasonably afford.

In a limited tort auto insurance arrangement, the policy holder waives his or her right to sue for damages exceeding the actual cost of the accident.

Not exact matches

Such factors include, among others, general business, economic, competitive, political and social uncertainties; the actual results of current and future exploration activities; the actual results of reclamation activities; conclusions of economic evaluations; meeting various expected cost estimates; changes in project parameters and / or economic assessments as plans continue to be refined; future prices of metals; possible variations of mineral grade or recovery rates; the risk that actual costs may exceed estimated costs; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; political instability; delays in obtaining governmental approvals or financing or in the completion of development or construction activities, as well as those factors discussed in the section entitled «Risk Factors» in the Company's Annual Information Form for the year ended December 31, 2017 dated March 15, 2018.

Gap Insurance: If you're involved in an accident, your collision policy will typically only cover the cost of your car up to its actual cash value, which may be less than what you owe on a loan or lease.

Trupanion covers 90 % of actual veterinary costs for approved accident and illness claims, less the exam fee, taxes, and optional deductible.

They only cover the cost of the veterinary treatment (not the cost of the vet consult or anything other than the actual «treatment») «related to an accident, illness or...

90 % Coverage — Trupanion covers 90 % of actual veterinary costs for approved accident and illness claims, less the exam fee and optional deductible.

Even this state mandated compensation can fail to cover the actual costs of the injury accident.

Economic Damages pay for actual costs you have incurred as a result of the accident.

These economic damages are the actual monetary cost of the accident.

Gap Insurance: If you're involved in an accident, your collision policy will typically only cover the cost of your car up to its actual cash value, which may be less than what you owe on a loan or lease.

If you are in a serious accident and are deemed to have caused it, the actual costs of medical bills, funeral expenses, lost wages, and damaged property can soar well beyond these minimal amounts of insurance.

In the case of an automobile that is totaled in an accident, for example, the insurance company would typically pay the actual cash value of the vehicle after determining its replacement cost and subtracting factors such as depreciation and wear and tear.

While replacement cost insurance costs more than actual cash value, you'll get more coverage in case of an accident.

In the event of an accident or theft, Personal Property can pay the actual cash value (ACV) or replacement cost of personal content items or articles like furniture, appliances, and clothing.

Depending on the type of coverage you have, you'll either get the money to replace the property that was damaged, replacement cost, or you might receive the value of the item at the time of the accident, actual cash value.

In a serious accident where your leased vehicle is judged unrepairable and is considered a «total loss», insurance companies are often likely to be stuck for the vehicle's actual cash value, rather than for the cost of repairing the vehicle.

For instance, a car is completely wrecked in an accident; the insurance company would usually pay the actual cash value of the car once determining its alternative cost, and after subtracting other parts such as depreciation and overtime use of the vehicle.

Unfortunately, state minimum coverage amounts are often not enough to pay for the actual cost of most accidents.

Still, experts at the Insurance Information Institute insist that the minimum amount of insurance really needed for coverage to pay the actual costs of an auto accident is $ 100,000 in Personal Injury Protection (also known as PIP) and $ 300,000 in per - accident protection.

State minimums tend to be pathetically low when it comes to covering the cost of an actual traffic accident.

Unfortunately, the minimum coverage amounts required by state laws are not typically high enough to cover the costs of actual traffic accidents.

In most cases, the state - mandated minimum liability limits on auto insurance policies are too low to cover the cost of actual auto accidents.

This might sound like an excessive amount of coverage, but if you end up in a serious accident, the actual cost could far exceed these coverage limits and leave you with a hefty difference to pay out of pocket.

In the long run, the cost of the additional insurance is very less compared to the actual cost benefits after an accident.