However, depending upon the state that you live in,
minimum policy limits for car liability insurance policies vary considerably.
All Exhibitors participating in the North Coast Wine Industry Expo Trade Show & Conference are required to carry general liability coverage from an insurance company in good standing with
minimum policy limits of $ 1,000,000 per occurrence and $ 2,000,000 in all.
Calculator assumptions are based on a hypothetical driver with excellent credit, a bachelor's degree, and no lapse in coverage who drives 15,000 miles per year, has
state minimum policy limits, a $ 500 deductible on collision and comprehensive coverage and uninsured motorist coverage.
Let us assume that the at fault driver only has the
Georgia minimum policy limits of $ 25,000.00 and you only have $ 25,000.00 in Georgia Underinsured motorist coverage, so there is no further coverage available for your loss.
Coverage is based
on minimum policy limits for each state and a $ 500 deductible on collision and comprehensive coverage.
Calculator assumptions are based on a hypothetical driver with excellent credit, a bachelor's degree, and no lapse in coverage who drives 15,000 miles per year, has
state minimum policy limits, a $ 500 deductible on collision and comprehensive coverage and uninsured motorist coverage.
However, the plaintiff must demonstrate in that suit that Co-operators was justified in denying coverage to the tortfeasors, and that her settlement with the tortfeasor's insurer for
the minimum policy limits was therefore appropriate.
Your liability insurance policy must meet state minimum limit requirements for the amount of coverage for each person that is injured in an accident, the aggregate amount of coverage for all persons injured in a single accident as well as meet
the minimum policy limit for damage repair expenses.
The minimum policy limits of liability are $ 1 million or even $ 5 million, which is used for defense expenses, expenses of a claim and damages, judgments and settlements expenses.
However, it is generally accepted among insurance agents that the state
minimum policy limits are not enough
All numbers refer to Dollar amounts in thousands and refer to
the minimum policy limit as required by state law.
When it comes to your homeowner's coverages, your mortgage lender will require you to carry
minimum policy limits, but they probably will not tell you to consider obtaining extra coverages that are good to have.
The law had set
the minimum policy limit for bodily injury at $ 25,000 per injured person and a total minimum of $ 50,000 for each accident.