Alaska, for example, has a per -
person liability minimum that is less than half of Alabama's minimum ($ 20,000 vs. $ 50,000) and a per - accident limit that is half of Alabama's ($ 50,000 vs. $ 100,000.)
Not exact matches
RIAs are eligible to participate in the Program if they represent to Fidelity Investments that they meet the following criteria: (1) RIA is an investment adviser registered and in good standing with the U.S. Securities and Exchange Commission and / or any applicable state securities regulatory authorities or is exempt from such registration; (2) RIA's representatives who provide services to referred clients are appropriately registered / licensed as «Investment Advisers Representatives» in required jurisdictions; (3) RIA charges fee - based, asset - based, or flat - rate investment advisory service fees (which may include hourly fees); (4) RIA will maintain a
minimum of $ 350,000,000 in total regulatory assets under management, as reported in response to Item 5 in Part 1A of the RIA's Form ADV, throughout the duration of RIA's participation in the Program; (5) RIA and all associated
persons of the RIA who manage client assets or who supervise such associated
persons shall at all times be covered through both Errors and Omissions
Liability Insurance and Fidelity Bond Coverage; and (6) RIA maintains a
minimum of two principals or officers as well as a
minimum of five employees.
Insurance policies were structured to include mandatory
minimum liability limits of $ 25,000 per
person and $ 50,000 per accident for bodily injury, and $ 25,000 for physical damage.
The state requires
minimum Bodily Injury
Liability protection of $ 25,000 per
person, and up to $ 65,000 per accident.
Minnesota state requires
minimum auto insurance
liability of $ 30,000 per
person for bodily injury protection up to $ 60,000 per accident, $ 10,000 for property damage per accident, $ 40,000 per
person for personal injury protection, and $ 25,000 per
person for uninsured and underinsured motorists up to $ 50,000 per accident.
When you purchase car insurance, you'll need a policy that meets your state's
minimum liability limits to cover damage to other
people or other property in the event of an accident.
Connecticut requires
minimum auto insurance
liability of $ 20,000 per
person for bodily injury protection and up to $ 40,000 per accident, and $ 10,000 for property damage per accident.
North Carolina requires
minimum limits of $ 30,000 per
person and up to $ 60,000 per accident for Bodily Injury
Liability, and Uninsured Motorist Coverage.
Connecticut requires that every driver carry
minimum liability limits of $ 20,000 per
person and $ 40,000 per accident in bodily injury coverage and $ 10,000 property damage coverage.
Suppose you are hit by an underinsured driver carrying the
minimum bodily injury
liability insurance required in that state — say for example, $ 15,000 per
person and $ 30,000 total per accident.
At the least, you're required by law to buy a 20/40/10 policy:
minimum bodily injury
liability limits of $ 20,000 per injured
person, up to a total of $ 40,000 per accident, and property damage
liability coverage of $ 10,000.
New Mexico requires
minimum auto insurance
liability of $ 25,000 per
person for bodily injury protection and up to $ 50,000 per accident, and $ 10,000 for property damage per accident.
For instance, if you went with the
minimum liability requirements for Tennessee drivers — which, as of 2010, were $ 25,000 bodily injury per
person, $ 50,000 bodily injury per accident, and $ 15,000 property damage — you would probably be underinsured, according to most experts.
If the ATV is to be operated on a public road then it must be licensed and also meet the state's
minimum financial responsibility requirements which are $ 15,000 per
person and $ 30,000 per accident bodily injury
liability and $ 10,000 property damage
liability.
The current
minimum liability limits are $ 30,000 for each injured
person, up to a total of $ 60,000 per accident, and $ 25,000 for property damage per accident.
The Mississippi Insurance Department requires
minimum auto insurance
liability of $ 25,000 per
person, $ 50,000 per accident for bodily injury and $ 25,000 for property damage per accident.
Texas required
liability insurance
minimums: $ 25,000 maximum property damage, $ 60,000 maximum injury and $ 30,000 maximum for each injured
person
The consequences of going without include suspended registration, fines, and possible car impoundment, so you should probably buy a policy for at least the
minimum in coverage: bodily injury
liability of $ 15,000 per
person and $ 30,000 per accident, and property damage
liability of $ 5,000.
Minimum liability coverage includes $ 40,000 for bodily injury (per accident) and $ 20,000 bodily injury (per
person) as well as $ 15,000 property damage.
@BrianHall: To be clear, the numbers you give are in line with many state
minimums for
liability coverage, but most car insurance companies do push higher coverage limits (commonly 250K / 500K / 100K for per
person / per incident
person cap / per incident property damage), and the incremental cost of the higher coverage is often much less than the cost of the basic coverage (it's not paid out often, and electing it demonstrates responsibility, which they like in their insured).
Wyoming's automobile financial responsibility law requires
minimum liability limits of $ 25,000 per
person, $ 50,000 per accident bodily injury and $ 20,000 property damage.
At a
minimum, drivers in The Tar Heel State are required by law to purchase
liability insurance in the amounts of $ 30,000 for bodily injury for one
person, $ 60,000 for bodily injury for two or more
people, and $ 25,000 for property damage.
Most agents (in their right mind) would argue that the
minimums are way too low, and that you should get protection more along the lines of $ 100,000 bodily injury per
person, $ 300,000 bodily injury per accident, and $ 50,000 (or more) for property damage
liability.
Here's the
minimum you need to figure when you search for Las Vegas insurance quotes: bodily injury
liability of $ 15,000 for one
person; $ 30,000 as a per - accident total; and a property damage policy of $ 10,000.
Minimum liability limits of 30/60/25, which provide coverage up to $ 60,000 for all
persons injured in an accident, subject to a limit of $ 30,000 for one individual, and $ 25,000 coverage for property damage
Car insurance
liability requirements vary by state, and include a
minimum amount for bodily injury costs per
person and per accident as well as a
minimum for property damage
liability.
Texas required
liability insurance
minimums: $ 25,000 maximum property damage, $ 60,000 maximum injury, $ 30,000 maximum for each injured
person
Each state also has its own
minimum liability limits, presented as bodily injury limit for a single
person, bodily injury limit on the entire accident, and property damage limit.
A commercial truck with a gross weight of 10,000 pounds or more, carry non-hazardous cargo, is required to have a
minimum of $ 750,000 of
liability insurance to cover injuries to
people and damage to property.
Thousands more are injured in accidents involving drivers who carry only the
minimum amount of
liability coverage for bodily injury, which in Missouri and Kansas, is $ 25,000 per
person and $ 50,000 per accident.
Arizona law requires
liability coverage for operating a motorcycle with
minimum coverage defined in statute — $ 15,000 per
person injured in an accident with $ 30,000 coverage per accident as well as $ 10,000 in property damage.
Finally, all riders must have
liability insurance coverage with
minimums of $ 15,000 per
person, $ 30,000 for those involved in an accident and $ 10,000 for property damage.
The law requires a
minimum of
liability insurance of $ 25,000 for bodily injury to one
person, $ 50,000 for bodily injury to all
persons, and $ 10,00 for property damage in any one accident.
Effective July 1, 2018, the
minimum insurance limits will increase to 25/50/20 ($ 25,000 per
person / $ 50,000 per accident for bodily injury
liability and $ 20,000 for property damage
liability).
I suggest that you carry a
minimum of $ 100,000.00 in
liability coverages per
person.
Ohio recently raised the
minimum liability coverage requirements to $ 25,000 per
person injured in an accident and $ 50,000 for all
persons injured in any one accident.
Drivers are also required to maintain a
minimum of $ 10,000 in property damage
liability (PDL) to cover any damage you or your family members cause (and are liable for) to other
people's property in a car accident.
Minimum UM / UIM
liability limits are $ 25,000 per
person and $ 50,000 per accident of UM benefits, $ 25,000 per accident for property damage, and $ 50,000 per accident for UIM benefits.
Louisiana law requires all drivers to carry a
minimum level of Bodily Injury
Liability coverage of $ 15,000 per injured
person and $ 30,000 per accident.
The current
minimum liability limits are $ 30,000 for each injured
person, up to a total of $ 60,000 per accident, and $ 25,000 for property damage per accident.
Not Exactly Louisiana requires all motor vehicles carry
minimum liability insurance coverage of $ 15,000.00 per
person,... Read more»
The typical scenario is this, you are involved in a car wreck with a
person that has
minimum liability coverage of $ 25,000.00 and no personal assets.
The
minimum liability insurance coverage that a driver must carry in New Mexico is $ 25,000 for a single
person's injuries or death, $ 50,000 for a single accident, and $ 10,000 for property damage from a single accident.
While the
minimum amounts of coverage for a non-rideshare driver are $ 15,000 / $ 30,000 in bodily injury
liability per
person / per accident, and $ 5,000 for property damage, the insurance requirements for rideshare companies are:
Liability for Bodily Injury — The
minimum coverage for bodily injury varies by state and may be as low as $ 10,000 per
person or $ 20,000 per accident.
In Nevada, a motorist must maintain
minimum Bodily Injury
Liability limits of $ 15,000 per injured
person up to a total of $ 30,000 per accident, and Property Damage
Liability coverage with a
minimum limit of $ 10,000.
Unfortunately, Puerto Rico does not require that its motorists maintain any
liability coverage on their vehicles, though it is strongly recommended that all Puerto Rican motorists obtain
minimum bodily injury protection of $ 100,000 for a single
person and $ 300,000 for multiple
persons as well as $ 100,000 in property damage
liability for their vehicle.
For example, in New York, the
minimum requirement is 30/60/25, meaning that the requirements are $ 30,000 for bodily injury
liability for one
person, $ 60,000 for bodily injury
liability for all injuries from one accident, and $ 25,000 for property damage
liability per accident.
Motorists are required to carry
minimum Bodily Injury
Liability limits of $ 15,000 per injured or dead
person and a total coverage of $ 30,000 per accident.
Most
people purchase the
minimum, which makes other types of insurance necessary, as another driver's
minimum liability insurance may not cover everything and leave you with the balance.