It should increase the federal liability limit to take into account
the likely costs of an accident.
Not exact matches
Most
likely, traditional pet insurance will help when it comes to pet vaccinations or big
accidents, but leave it to you to spend most
of your money on annual visits, medications, and preventative care
costs.
And just as the atomic bomb indiscriminately killed tens
of thousands
of civilians, this nuclear reactor
accident, albeit on a smaller scale, will be responsible for indiscriminate suffering and lives cut short; the consequences are
likely to play out over the next several decades due to radiation pollution and the resulting economic
costs.»
In turn, the
cost of managing these injuries is
likely to be higher than automobile
accident injuries, which can influence the way insurance companies behave toward claims.
By hiring an
accident lawyer (for no out -
of - pocket
cost, by the way), you can most -
likely receive medical treatment under a Letter
of Protection.
We will assess the liability issues
of the car
accident,
likely medical treatments and
costs expected, refer you to experts who will properly assess you and provide reports that enable judges and mediators to reach the highest fair settlement.
Every at - fault (or partially at - fault)
accident or traffic ticket conviction will
likely increase the
cost of your premiums.
Potential employees with violations,
accidents or points on their personal VT driving records, for instance, are more
likely to
cost them expenses by way
of medical bills or repair
costs.
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.
The upside
of these low amounts is that they make auto insurance coverage quite affordable for most people; the downside is that in today's world
of high medical
costs and high property values, an at - fault
accident with these tiny coverage amounts would
likely cost the driver significant amounts
of money.
Insurance companies consider a bunch
of different factors, but they're really trying to answer two key questions: How
likely are you to be in an
accident and how much will it
cost?
Almost every state requires you to buy a minimum amount
of auto liability coverage but buying only the minimum amount
of liability means you are
likely to pay more out -
of - pocket for losses incurred after an
accident — and those
costs may be steep.
Budget car insurance companies offer a variety
of discounts to drivers who seem less
likely to get into
accidents (and therefore less
likely to
cost the insurance company more money).
Although this may appeal to your budget now, it
likely won't cover the full
cost of getting into a car
accident with a BMW.
If you're in an
accident and don't have adequate coverage, the
cost of repairing your vehicle will
likely be more than what you would have paid to renew your insurance policy.
People who have violations on their driving record will
likely face higher premium
costs since you have a history
of accidents, have unpaid traffic tickets, or have filed an insurance claim in the past.
A number
of different risk factors go into determining how much you will need to pay for auto insurance.Gender, age, occupation, driving record, type
of vehicle, and where you live are just some
of the factors considered when obtaining auto insurance quotes.Based on past
accident and theft statistics, insurance companies use these factors to determine the probability that you will file a claim.For example, if you have a clean driving record with no speeding tickets, insurance companies feel like you are less
likely to have an
accident.Therefore, your auto insurance quote will be lower than someone who has one or more speeding tickets.In the same turn, it
costs more to insure types
of vehicles that are prone to
accidents and theft.
Since Florida state represents one
of the top 10 states for traffic
accidents, and has a higher than average number
of uninsured drivers, Sarasota families are not
likely to get the nation's lowest
cost auto premiums.
In a serious
accident where your leased vehicle is judged unrepairable and is considered a «total loss», insurance companies are often
likely to be stuck for the vehicle's actual cash value, rather than for the
cost of repairing the vehicle.
Expensive cars, those more
likely to be stolen, and those that are less safe in the case
of an
accident will all
cost you more to insure.
This is an onerous responsibility, as statistics show that teens are three times more
likely to have an
accident than older drivers and they account for nearly 30 percent
of the total
costs of vehicle related injuries.
However, the
costs of a single
accident are
likely to exceed annual premiums.
A split limit plan will
cost less because it has separate deductibles for bodily injury and property damage and because it is less
likely that all
of the available coverage would be used in a typical
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.
Depending upon the severity
of your physical and emotional injuries and property damage, most
likely the financial and other
costs of your
accident will need to be handled through an attorney.
Your Montgomery insurance agent will
likely recommend you increase your coverage to $ 100,000 for each person and $ 300,000 per
accident, and with below average insurance
costs, Alabamans have a little more wiggle room than about half
of their fellow Americans to do so.
Thus, personal driving history points, violations or car
accidents can help them rule out unsafe drivers who are more
likely to
cost them significant amounts
of money in medical bills, lawsuits and repair
costs.
The second thing they look at is your relative risk; the more
likely the insurance company is to pay out large sums
of money for your policy, the more your rates will be (this is why drivers who have never been in an
accident and homes in low - crime areas
cost less to insure).
The first reason why you should always be covered is because if you are driving without comprehensive insurance and are involved in an auto
accident, you will
likely go into debt from the high
costs of repairs.
If you are struck with any type
of disaster,
accident or emergency, you will most
likely be unable to afford the extra
costs without relying on your family or senior citizen relatives for a loan.