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.
To determine how much liability coverage you want, it's important to consider your net worth and
what liability coverage limits would be enough to protect you.
Choosing
lower liability coverage limits may leave you seriously at risk financially, since medical bills and lost wages can quickly exceed low liability limits.
Liability coverage limits vary as do the limits of personal property coverage; you can select a level of protection that fits your needs and your budget.
The only exception to the maximum limits is if you are required to maintain higher
liability coverage limits because you have an «excess liability» or a personal «umbrella» insurance policy.
Minimum
liability coverage limit requirements vary state by state, so if you are unsure of your state's requirements, check with your local insurance agent or your state's department of insurance.
In such a situation, an umbrella policy can help pay any judgment or settlement, above your existing auto
insurance liability coverage limits, and help to limit your personal assets at risk.
Choosing
lower liability coverage limits may leave your seriously at risk financially, since medical bills and lost wages can quickly exceed low liability limits.
Utah state law requires all drivers to purchase car insurance policies with minimum
liability coverage limits of $ 25,000 against bodily injury to others, $ 65,000 in per - accident coverage, and $ 15,000 coverage against the cost of property damage.
Your Property
Damage Liability coverage limits can not exceed your Bodily Injury Liability insurance per - person limits if you select a split limit for Liability.
You should purchase the Bodily
Injury Liability coverage limits equal to the net asset value you currently have and your future net worth that you could possibly lose in the event of causing damages to others.
Often, bringing your auto insurance
liability coverage limits in line with what you need will only cost you a hundred or so dollars per year — well worth it if the unthinkable happens and you have assets to lose.
Some insurers may require you to have home and auto coverage with them in order to extend additional Personal Umbrella Liability Insurance, or they may require you to satisfy certain
liability coverage limits with your existing policies.
If your relocation is within the time period that you are obligated to carry an SR - 22, you will be held accountable for maintaining the
same liability coverage limits that were mandatory in your former state as well as the SR - 22 filing, even if your new state doesn't have this requirement.
Actual Cash Value Adjuster Bodily Injury Collision Coverage Combined Single Limit Policy Comprehensive Coverage Declaration Page
Deductible Liability coverage Limits Premium Property Damage Replacement Cost Splits Limit Policy Towing Coverage Underinsured Motorist Endorsement
Not only will you need to purchase cover for the damages to your belongings, but you will be required to show proof that you have purchased liability coverage to a
reasonable liability coverage limit amount.
Your quotes will ultimately depend on circumstances specific to you, such as what vehicle you drive, whether you've had any accidents or moving violations in the past five years, and
what liability coverage limits you choose to be insured for.
Phrases with «liability coverage limits»