In fact, insurers often point out that
state minimum split - form liability insurance requirements are often enough to handle all the costs of a typical car accident.
Not exact matches
«I think it's setting up a dangerous precedent with the $ 15
minimum wage and the way we're
splitting it up with three different regions of the
state,» said Assemblyman Anthony Brindisi, a Democrat from Utica.
In
states that allow a combined single limit instead of
split limits the
minimum CSL is normally the property damage liability limit plus the bodily injury liability limit (for two or more people injured in an accident).
The
state mandates a
minimum 15 / 30/5
split form liability policy.
In the
state of Colorado, the
minimum combination of coverage for a
split limit auto insurance liability policy is 25/50/15, with each number representing in thousands of dollars the
minimum required coverage for each of the three parts of a policy.
A Colorado driver purchasing a
state minimum liability
split limit policy will spend less than that same driver would to get a single limit policy with the same
minimum coverage limit.
The
state requirements for liability stipulate certain
minimums for each of the three areas of a
split form policy.
Currently the
minimum limits of coverage legal for drivers in the
state of AR is 25/50/25, with each number representing in thousands of dollars the
minimum limits for the three respective parts of a
split limit policy [1].
These numbers represent, in order, the
minimum limits of protection required for Louisiana drivers in the
state expressed in thousands of dollars for the three different parts of a
split form liability policy.
The
state minimum for Iowa is $ 40,000 for bodily harm, which can be
split between the injured passengers as well, and $ 15,000 limit for property damage.