Not exact matches
On the other hand,
if you have an auto policy with
bodily injury liability of $ 100,000
per person, $ 300,000
per accident, and $ 100,000 of property damage along with full coverage (let's say the actual cash value of your car is $ 20,500), the company's maximum exposure on that policy would be $ 300,000 + $ 100,000 + $ 20,000 (ACV of your car, minus $ 500 deductible), or $ 420,000.
If you do any sort of traveling on the 91, the 5, the 57, the Orange Freeway, or even just area surface streets, chances are you need coverage to the tune of $ 100,000
bodily injury (
per person), $ 300,000
bodily injury (
per accident), and $ 50,000 property damage.
For instance,
if you went with the minimum liability requirements for Tennessee drivers — which, as of 2010, were $ 25,000
bodily injury per person, $ 50,000
bodily injury per accident, and $ 15,000 property damage — you would probably be underinsured, according to most experts.
If the ATV is to be operated on a public road then it must be licensed and also meet the state's minimum financial responsibility requirements which are $ 15,000
per person and $ 30,000
per accident bodily injury liability and $ 10,000 property damage liability.
What this means is that state law requires your insurance policy provides you with $ 20,000 worth of coverage for
bodily injury or death that you cause to other individuals, $ 40,000 worth of coverage for
bodily injury or death caused
per accident if multiple people are involved, and $ 10,000 worth of coverage for property damage caused in other states.
For example,
if you bought a policy with $ 50,000
per person
bodily injury liability coverage, up to $ 100,000
per accident, then you would buy UM coverage in the same amounts.
If you buy
bodily injury liability coverage, the smallest amount you can buy is $ 10,000
per person (up to $ 20,000
per accident).
Carrying Illinois state minimum liability limits of 25/50/20 — $ 25,000
per person and $ 50,000
per accident for
bodily injury and $ 20,000 for property damage — doesn't give you much protection
if you own a home or have savings.
$ 20,000
bodily injury liability (BIL)
per accident if the policyholder has been involved in a crash, or has been convicted of a certain offense.
For example,
if you're a Connecticut driver (where minimum liability coverage is $ 20,000 of
bodily injury protection
per person, $ 40,000 of
bodily injury protection
per accident and $ 10,000 of property damage
per accident, referred to as 20/40/10) and are involved in an
accident in New York (which requires 25/50/10 of liability coverage), your auto insurance will automatically extend to meet New York's requirements.
If you buy insurance, the minimum liability insurance you can purchase is $ 25,000
bodily injury liability
per person ($ 50,000
per accident) and $ 25,000 property damage liability, plus uninsured / underinsured motorist
bodily injury coverage and $ 1,000 of medical payments coverage (MedPay).
For example,
if you are to blame in an
accident that injures two people to the amount of $ 50,000 for one person and $ 75,000 for the other, the
bodily injury coverage
per person meets one but leaves you with a $ 25,000 bill to make up for the other.
This means that in the event of an
accident,
if you are at fault, you are covered up to $ 15,000 for
bodily injury for each person involved in an incident, with a total maximum of $ 30,000
per incident.
Bodily injury liability coverage
per person: $ 15,000 for a standard policy (see notes)
Bodily injury liability coverage
per accident: $ 30,000 for a standard policy Property damage liability coverage: $ 5,000 for a standard policy Personal
injury protection: $ 15,000
per accident, plus up to $ 250,000 for severe
injuries for a standard policy Uninsured / underinsured motorist coverage: Must match liability limits
if purchasing a standard policy
Temporary Total Disablement Plan: During the plan period,
if the Insured Person sustains any
bodily injury resulting solely and directly from an
accident, then the insured person is eligible for a weekly benefit at 1 % of Capital Sum Assured subject to a maximum of Rs 5000 / -
per week for a 100 weeks.
Bodily injury liability coverage
per person: Legally optional, but,
if purchased, $ 25,000
Bodily injury liability coverage
per accident: Legally optional, but,
if purchased, $ 50,000 Property damage liability coverage: Legally optional, but,
if purchased, $ 25,000 Personal
injury protection: Legally optional, but,
if purchased, $ 1,000
per accident for medical expenses solely.
(5) The named insured may purchase uninsured motorist
bodily injury coverage and,
if applicable, underinsured motorist coverage with limits up to one million dollars ($ 1,000,000)
per person and one million dollars ($ 1,000,000)
per accident.
If the ATV is to be operated on a public road then it must be licensed and also meet the state's minimum financial responsibility requirements which are $ 15,000
per person and $ 30,000
per accident bodily injury liability and $ 10,000 property damage liability.
For example,
if you bought $ 25,000 in
bodily injury coverage
per person, $ 50,000 in
bodily injury coverage
per accident, and $ 15,000 in property damage coverage, that would be expressed as 25/50/15.
The insurance industry recommends
bodily injury liability coverage of $ 100,000
per person and $ 300,000
per accident (referred to as 100/300),
if you can afford these higher limits.
Indiana's
bodily injury liability requirements of $ 25,000
per person and $ 50,000
per accident are on par with many other states, but the property damage liability coverage of only $ 10,000 is pretty low
if you want to protect your savings and other assets from lawsuits.
So for example,
if you are quoted a 25/50 limit for
bodily injury, it means that the insurance policy will cover up to a maximum of $ 25,000
per person injured in an
accident and a total of $ 50,000 in claims for a single
accident.
If you do any sort of traveling on the 91, the 5, the 57, the Orange Freeway, or even just area surface streets, chances are you need coverage to the tune of $ 100,000
bodily injury (
per person), $ 300,000
bodily injury (
per accident), and $ 50,000 property damage.
For instance,
if you went with the minimum liability requirements for Tennessee drivers — which, as of 2010, were $ 25,000
bodily injury per person, $ 50,000
bodily injury per accident, and $ 15,000 property damage — you would probably be underinsured, according to most experts.
For example,
if you're insuring two cars with uninsured motorist
bodily injury coverage with limits of $ 100,000
per person and $ 300,000
per accident (100/300) and stack your UM coverage, your limits would double to 200/600.
If you are a homeowner or have assets to protect, the minimum limits we recommend you carry for
bodily injury liability is $ 250,000
per person, $ 500,00
per accident and $ 100,000 of property damage liability.
Averages are based on a 45 - year - old married female with a previously clean driving record who commits one traffic driving violation in a 12 - month period, drives a 2012 sedan, is employed, has a bachelor's degree, excellent credit score and had no lapse in coverage with the following limits: $ 100,000 (
bodily injury per person) / $ 300,000 (
bodily injury per accident) / $ 100,000 (property damage
per accident), $ 10,000 (personal
injury protection or medical payments) and a $ 500 deductible for comprehensive and collision.Some car insurers may overlook a traffic ticket
if you also have a homeowners insurance policy with them, says Michael Cicero, a traffic attorney in Ohio.
Hospital Confinement Allowance:
If an insured person is hospitalized due to an
accident resulting to
bodily injury, death or disablement, the company provides a hospital confinement daily allowance of Rs 500 / -
per day However, the number of days is restricted to 30 days.
For example,
if an ATV or UTV insurance policy has a
bodily injury limit of $ 25,000
per person /
per accident, the same policy's property damage limit might be $ 25,000 or lower.
If that seems excessive, the minimum we recommend to anyone is $ 50,000
per person / $ 100,000
per accident for
bodily injury liability and $ 25,000
per accident for property damage liability.»
If you qualify as a low - income driver, according to the California Automobile Assigned Risk Plan, your minimum liability risks are actually even lower ($ 20,000
bodily injury per accident, $ 10,000
bodily injury per person, and $ 3,000 property damage).
«
If you don't have auto insurance, a general rule is that homeowners should have at least $ 100,000
per person / $ 300,000
per accident for
bodily injury liability and $ 50,000 for property damage liability.
Proof of Liability Insurance:
If you purchase insurance, Iowa requires that it includes at least limits of $ 20,000 of
bodily injury coverage
per person, $ 40,000 of
bodily injury coverage
per accident, and $ 15,000 of property damage liability coverage
per accident.
If you choose the split - limit option, Nevada law requires that you carry
bodily injury coverage of $ 15,000
per person / $ 30,000
per accident and property damage (liability) coverage of $ 10,000
per accident.
If Person 1's medical bills total $ 40,000, Person 2's cost $ 30,000 and Person 3's cost $ 25,000, you're likely covered, as each person's bills were under $ 50,000 (your
bodily injury limit
per person), and the total cost of
injuries is $ 95,000, which is lower than your $ 100,000
bodily injury limit for a single
accident.
On the other hand,
if you have an auto policy with
bodily injury liability of $ 100,000
per person, $ 300,000
per accident, and $ 100,000 of property damage along with full coverage (let's say the actual cash value of your car is $ 20,500), the company's maximum exposure on that policy would be $ 300,000 + $ 100,000 + $ 20,000 (ACV of your car, minus $ 500 deductible), or $ 420,000.
The insurance industry recommends underinsured motorist
bodily injury liability coverage of $ 100,000
per person and $ 300,000
per accident (referred to as 100/300),
if you can afford these higher limits.