Sentences with phrase «higher liability amounts»

You may therefore want to consider higher liability amounts.

Of course, many people, particularly those who own a lot in assets, choose to purchase much higher liability amounts with their vehicle insurance.

Not exact matches

It requires many taxpayers to calculate their liability twice — once under the rules for the regular income tax and once under the AMT rules — and then pay the higher amount.

The deduction reduces tax liability by the amount of the deduction times the filer's marginal tax rate, and is thus worth more to taxpayers in higher brackets.

You're essentially defeasing a portion of your liability with a lower amount of assets than the value of that liability, and of course, the potential for higher yield comes with greater risk.

The AMT essentially places a ceiling on those benefits — if your tax benefits reduce your total tax liability below the AMT limit, you are required to pay the higher Alternative Minimum Tax amount.

More specifically, Schneiderman is calling for higher contribution limits, the closing of a limited liability corporation loophole which he says «allows wealthy interests to funnel limitless amounts to campaigns,» as well as for the elimination of the housekeeping committees used by the state's political parties.

BeautifulPeople's total Liability to the User under or arising in relation to any Contract shall not exceed 5 times the amount paid by the User for the Service (if any) under that Contract or the sum of # 1,000, whichever is the higher.

It is up to the employer to nominate which PAYE scheme to claim the allowance against but common sense dictates that it will be one with at least # 2,000 of employer NICs liability (or the highest) to ensure the maximum amount is claimed.

This means that if someone sues you for liability and the liability amount exceeds your insurance coverage, your umbrella insurance policy will cover the remaining costs, up to your much higher policy limit.

Investing the money (assuming you max out on 401ks & IRAs) potentially creates an income taxable event while paying off the mortgage reduces not only liabilities (interest) but also reduces the amount of AMT one may pay (especially those with either high mortgage balances, in high state or real estate tax states, or some combination of those) which is in essence a double tax.

It requires many taxpayers to calculate their liability twice — once under the rules for the regular income tax and once under the AMT rules — and then pay the higher amount.

Typically, you can obtain $ 1 million in coverage for a couple hundred dollars annually; higher coverage amounts can be even more cost - effective.2 Before adding umbrella insurance, however, you generally must purchase the maximum liability coverage on your homeowners and automobile policies, which serve as a deductible for the umbrella policy.

Most homeowners insurance policies provide a minimum of $ 100,000 worth of liability insurance, but higher amounts are available and, increasingly, it is recommended that homeowners consider purchasing at least $ 300,000 to $ 500,000 worth of liability coverage.

RPC's consulting business posted a # 2.6 m loss for the 2015 - 16 financial year, while the amount paid to the firm's highest paid partner fell 15 %, according to its 2015 - 16 limited liability partnership filings.

Carrying liability insurance in as high of a coverage amount as is financially possible for you is a smart idea, and can protect you if you cause serious damages to another party through an act of your own fault.

I took a few minutes to teach the client that the vendor wanted to limit its liability (with some crucial exceptions carved out) to a particular dollar amount, and that the fight was over how high that number needed to be.

There are options to choose higher amounts of five hundred thousand dollars, one million dollars, or two million dollars worth of third party liability coverage.

Commercial vehicles must also carry a minimum amount of liability coverage, which is established by state regulations and the Federal Motor Carrier Safety Administration (FMCSA) and is higher than for personal vehicles.

The amount of payments could be much higher than the other personal liabilities of directors, such as employee wages and unpaid taxes.

A civil judgement of an amount greater than your liability coverage would mean that you end up paying that out of your own pocket, so it's important to carry limits as high as you can afford.

Liability coverage tends to cost more because the amount the insurance company risks is higher.

Which means we make consider a specific face amount should be enough but in reality that number could change real easy due to inflation and additional liabilities requiring more life insurance in the form of a higher death benefit.

Should you have a large amount of assets, then this increases the need for higher limits of liability.

The amount of Liability coverage you carry should be high enough to protect your assets in the event of an accident.

That means the amount of property damage liability coverage you might need, even in an accident at a low speed, is higher than if you drive a smaller car.

Bear in mind that while the minimum liability coverage amounts might be high enough to protect your finances in a majority of motor vehicle collisions, an accident that results in serious injuries or significant property damage can easily exceed these limits.

If you're concerned about the price of your policy, consider going with a higher deductible or lower amount of liability coverage, as long as you are still above the state's minimums.

Generally the least amount of coverage you can buy when purchasing an umbrella policy is $ 1 million, but many folks opt to extend their liability coverage for personal damage and injury to as high as $ 5 million.

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.

If you're in an accident and have resulting injuries, your medical costs may be much higher than the amount of your liability insurance.

Furthermore, if a claimant is an insured under the underinsured motorist coverage on separate or additional policies, the limit of underinsured motorist coverage applicable to the claimant is the difference between the amount paid to the claimant under the exhausted liability policy or policies and the total limits of the claimant's underinsured motorist coverages as determined by combining the highest limit available under each policy; provided that this sentence shall apply only to insurance on nonfleet private passenger motor vehicles as described in G.S. 58-40-15 (9) and (10).

The main advantages of term life insurance protection plans are that they are easy on your pocket, give you the highest amount of coverage, safeguard your family against financial liabilities and offer you tax benefits.

In - home business policies generally include broader liability insurance for higher amounts of coverage.

While some insurance companies only offer liability coverage in the amount of $ 100,000, others may offer you the option to purchase coverage as high as $ 300,000.

Any motor vehicle liability policy that insures both commercial motor vehicles as defined in G.S. 20 - 4.01 (3d) and noncommercial motor vehicles shall provide underinsured motorist coverage in accordance with the provisions of this subsection in an amount equal to the highest limits of bodily injury liability coverage for any one noncommercial motor vehicle insured under the policy, subject to the right of the insured to purchase greater or lesser underinsured motorist bodily injury liability coverage limits as set forth in this subsection.

Allowing your dog to roam without a leash could open you up to a higher amount of liability, since negligence can be proven.

Note that these amounts are higher — double in some cases — than the minimum liability requirements of many other states.

High - risk policies also might include step - down provisions that reduce liability coverage amounts for your policy if someone who is not named on your policy drives your car.

While these minimum amounts are usually sufficient to cover expenses incurred in collisions, if you have a lot of assets that you wish to protect, you may want to purchase liability coverage in higher amounts.

Someone is seriously injured on common property (perhaps at a swimming pool) and the courts award a judgment that's higher than the amount of liability coverage provided by the condominium corporation insurance policy.

It is essential that you select liability amount of insurance high enough to protect your assets.

Pool accidents: According to the Insurance Information Institute, since a high amount of fatal drownings occur in residential pools, they increase your liability risk.

Thus, if you have a little extra money, you may want to purchase higher amounts of liability insurance.

This means that if someone sues you for liability and the liability amount exceeds your insurance coverage, your umbrella insurance policy will cover the remaining costs, up to your much higher policy limit.

This can be a life insurance package that consists of Term life insurance with a higher face amount for the most financially volatile years of your life when you have the highest financial liabilities and when the Term life insurance drops off by its term limit you will still have a permanent plan such as Universal life which will carry on for the rest of your natural life.

Although these amounts are legally required, most insurance professionals recommend carrying higher limits to more fully protect you against liability risks.

Bodily injury liability is the highest amount your insurance company will pay for injuries or death due to an accident.

The possibility that the claim amount may be the only provision for closing the liabilities are high.

Experts recommend higher amounts of coverage, such as $ 100,000 for personal injury liability protection, $ 300,000 in per accident liability protection, and at least $ 50,000 to cover the cost of property damage.