The cost of these accidents exceeds 230 + Billion dollars.
If the damages are too severe or
the cost of the accident exceeds a certain monetary value the motorist found to be at fault can be sued for the damages.
However, drivers should always consider having more coverage in case
the cost of an accident exceeds Kentucky's minimum requirements.
If
the cost of an accident exceeds your coverage limit, you have to pay the rest out of pocket.
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.
It is always a good idea to purchase additional insurance so if
the cost of an accident exceeds the state - mandated minimum you are still covered.
Ameriprise offers personal umbrella insurance coverage for when
the cost of an accident exceeds your auto or home insurance policy limits; it'll pay the difference between how much your claim actually costs and how much your auto / home insurance can cover.
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.
The overall
cost of an
accident can
exceed the liability limits on a driver's policy.
For one it's stupid costly to rent car seats, in my experience rental places want upwards
of $ 15 / day or more to rent a single car seat (I have been quoted $ 25 a day) after a few days you can
exceed the
cost of simply purchasing new... Meaning you could have purchased a brand new in the box car seat and checked that at the luggage counter complete with all it's factory packing that should allow it to arrive undamaged and you now have a backup or travel car seat complete with packaging... Second you have no idea about the condition
of that rented car seat, as you imply, unseen damage is well unseen regardless
of claims
of «inspection» by the rental company, there is no way they can't tell if it's damaged if the damage is unseen, they are only doing visual checks nothing more... In the end there is nothing to assure you that your «rented» car seat will be in any better condition then one you brought with you or that it wasn't in an unreported «
accident» from the previous renters or mishandled by the previous renters... If safety is you end goal, renting a car seat at your destination is not inline with that goal...
The overall
cost of an
accident can
exceed the liability limits on a driver's policy.
TEPCO, the owner
of the Fukushima plant, estimates that compensation
costs for the tens
of thousands
of people displaced by the
accident in Japan will
exceed $ 50 billion and that it will
cost about $ 20 billion to decommission the plant.
At least one insurance report found that, in 2013, the average
cost of a bodily injury claim after a car
accident exceeded $ 15,000.
The financial power imbalance between an
accident victim and an insurer places the
accident victim at a significant disadvantage which is heightened in circumstances where even if they incur the expense to obtain appropriate medical records and reports, and are successful, they are not entitled to any reimbursement for the
cost of those records and reports, which can often
exceed the amount in dispute.
Studies done by PIRE revealed crashes resulting from roadway conditions largely
exceed the
costs and gravity
of accidents that involve alcohol or the non-use
of seatbelts.
According to a review
of insurance claims, the average
cost of a bodily injury claim after a car
accident in 2013
exceeded $ 15,500.
Research shows that the average
cost of a bodily injury claim after a car
accident exceeds $ 15,000.
Additionally, the
cost to pay for damages from even a minor
accident can easily
exceed these limits, leaving you responsible to pay out -
of - pocket for repair and medical bills.
Because if you're in an
accident that
exceeds the 25/50/25 values, you will be responsible for paying all remaining
costs out
of pocket.
If you're at fault in an
accident, the
cost of medical bills and / or possible lawsuits is likely to
exceed the coverage levels mandated by law.
If you end up in an
accident and the
costs exceed your coverage, you'll end up paying the difference out
of pocket.
In the event
of the vehicle being disabled by reason
of loss or damage covered under this Plan the Company will bear the reasonable
cost of protection and removal to the nearest repairer and redelivery to the insured but not
exceeding in all Rs. 1500 / - in respect
of any one
accident.
Collision coverage, in the event
of an
accident, will pay for the
cost of repairs to your car, but they will only pay a monetary figure that is not to
exceed the current value
of your car.
These types
of accidents could
cost thousands
of dollars to repair — and if the master policy's limits are
exceeded, the tenants are required to collectively pay the difference.
If you're liable for an
accident and
costs exceed your coverage, you must pay the remaining expenses out -
of - pocket.
If you're liable for an
accident and the damage
exceeds your policy's limits, you will be responsible for paying all remaining
costs out -
of - pocket.
These minimums are typically enough to cover the liability
costs of most vehicular
accidents, but a major collision that involves severe injuries or property damage can easily
exceed these amounts.
Repair and medical expenses from a significant
accident can easily
cost thousands
of dollars, even
exceeding $ 1 million if serious injuries are incurred.
If you car is damaged in an
accident, this form
of coverage will provide a monetary amount towards the
cost of your repairs that will not
exceed the current market value
of your vehicle.
Buying the least amount
of coverage may
cost you more in the long run if you are in an
accident where the damages
exceed the amounts
of coverage you have.
However, the
costs of a single
accident are likely to
exceed annual premiums.
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.
Likewise, underinsured coverage kicks in when an
accident occurs and the financial
cost of damages
exceed the coverage limits carried by the other driver.
If the
costs associated with your
accident exceed your policy's liability limits, you will be responsible for paying the difference out -
of - pocket.
The required minimums may be enough to cover your damage in a typical
accident, but in the event
of a serious
accident involving significant injuries and property damage,
costs can easily
exceed what a minimum - coverage policy will pay for.
Consider this: the average
cost of medical treatment for injuries sustained in a vehicular
accident exceeds $ 68,000 per injured person, and the average liability
cost for fatal collisions is currently $ 3.2 million.
If you end up in a car
accident and the
costs exceed your coverage, you have to come up with the difference out
of pocket.
In fact, experts in the insurance industry usually recommend much higher levels
of protection because liability coverage is cheap as far as auto insurance goes and because
accident damages for medical
costs and auto or property repairs can far
exceed the minimums in many cases.
The required minimums are generally enough to cover your damage in a typical
accident, but in the event
of a serious
accident that involves significant injuries and property damage,
costs can easily
exceed what a minimum - coverage policy will pay for.
In most cases, it's wise to invest in higher coverage limits in case
of a major
accident, where the
cost for damage can far
exceed the minimums.
Even the
cost of just replacing a car that gets totaled in an
accident quite often
exceeds $ 25,000 because the price
of new vehicles has climbed so much over the years.
After all, if you get into an
accident and the
costs exceed your coverage, you'll be stuck paying the rest out
of pocket.
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.
If the
costs associated with an
accident you caused
exceed the liability limits
of your policy, you will be responsible for paying the difference out -
of - pocket.
If the
costs associated with your
accident exceed your policy's liability limits, you will have to pay the difference out
of pocket.
If you are cause a motor vehicle
accident and the
costs exceed the liability coverage included in your auto insurance, your umbrella insurance policy will kick in so that you are not left with excessive out -
of - pocket liability expenses.