Sentences with phrase «high liability limits because»

Trowbridge explains that families with teenage drivers need high liability limits because teens are among the riskiest drivers on the road, and if they cause an accident, the injured party can come after the parents» assets.

Not exact matches

It's generally at least $ 100,000, and many people elect for higher limits because liability claims on renters insurance can be significant, especially those involving bodily injury or major property damage such as in an apartment fire.

Liability insurance policies for commercial vehicles tend to have much higher limits than those for personal cars, trucks, and vans because the harm caused by a truck is often more than injuries caused by an accident with a personal vehicle.

Because of such presumptions, the manufacturers and professional sellers can not limit or exclude their liability unless they are able to rebut the presumptions and prove they could not have known of the defect, which is a very high standard of proof.

Because the liability limits are so high, you may not need any more than the minimum to protect yourself.

Additionally, if you are to blame in an accident and carry single - limit liability insurance, the injured party's attorney may press for a higher amount in a settlement because there is no limit (with the exception of the total coverage limit) to bodily injury coverage.

Because they are inherently more dangerous to other drivers on the road, you may be required to purchase higher liability coverage limits for bigger, heavier commercial trailers.

Insurance companies prefer clients to carry liability limits of 100/300 or higher because it is the best protection against lawsuits.

Liability limits for commercial or business policies are much higher than they are for personal policies, simply because the potential for large liability expenditures is much higher in accidents involving business Liability limits for commercial or business policies are much higher than they are for personal policies, simply because the potential for large liability expenditures is much higher in accidents involving business liability expenditures is much higher in accidents involving business vehicles.

It is generally advisable to opt for a commercial auto insurance policy as an ice cream truck owner because these plans have better access to higher auto liability limits.