Sentences with phrase «than the minimum required limits»

However, it is strongly recommended that you carry significantly more than the minimum required limits, particularly if you have substantial personal assets that you would like to protect.

Some companies may offer you a better price if you have carried liability limits higher than the minimum required limits.

States have different requirements and many people choose to purchase more than the minimum required limits.

Not exact matches

If you have a $ 1,000 credit limit on a credit card, ideally, you want to maintain a balance of less than $ 350, and make timely monthly payments on the balance that are above the required monthly minimums.

Generally, this may include using your card regularly, making on - time payments greater than the required minimum, using your card wisely by staying under the credit limit, and linking your bank account.

Otherwise, the minimum deposits required for a $ 200 limit are $ 99 for fair credit or $ 200 for less than fair credit.

We do require a minimum of four (4) years of credit depth, with no less than two (2) years of Installment credit, which is normally, but not limited to an automobile loan.

Given the high cost of automobile replacement and / or repair, the purchase of property damage liability limits higher than the required minimum limit of $ 10,000 should be considered by insureds.

If you want the minimum coverage required by your state, your quote will be less expensive than it would be if you wanted higher limits of liability with added comprehensive and collision coverage.

The more coverage you have the less likely you are to run into this issue, which is why most agents recommend liability limits at least one step higher than the minimum required to be legal in your state.

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If you are driving in a state that requires lower liability limits than your home state (like the reverse of the scenario just mentioned), your insurance policy will not decrease to meet that state minimum but rather provide the maximum coverage on your policy even if it is more than what the state you're visiting requires.

The term «minimum limit» means that the state establishes a certain amount of coverage that drivers are required to carry and no one is allowed to carry less than that.

In a minimum policy, the required limits will cover you up to $ 25,000 per person you injure, and when there is more than one injured person, no more than $ 50,000 total per accident.

You can not buy less than your state's minimum required by law, but you can buy higher liability limits.

And while drivers must have liability car insurance with minimum required limits in almost every state, it's often a good idea for drivers to purchase more coverage than the law requires.

However, UM / UIMBI becomes a required coverage when you purchase BI with limits higher than the 25/50 minimums.

Unlike the SR - 22, which only requires that drivers meet the minimum amount of required car insurance, the FR - 44 requires that liability coverage limits are substantially greater than state minimums.

Even though Missouri law does not require you to carry car insurance above and beyond these minimums, most financial experts agree that higher limits and collision and «other than collision» coverages are also a fundamental part of every car insurance policy.

CLCA policies have lower coverage limits than the minimums required by the state and cost less than standard policies.

Since any damage that exceeds your insurance limits will have to come out of your own pocket, it's usually wise to purchase more than the legally required minimum.

Arizona drivers are required to carry a minimum amount of car insurance, though limits are lower than in most other states.

It is important to note that many lenders will require far more extensive coverage for vehicles that are not paid off, and that most experts recommend much higher limits (even for those who want only liability coverage) than the minimums set by the state.

The main difference between an FR - 44 and an SR - 22 is that where an SR - 22 is typically proof that you are meeting the state's minimum insurance requirements, an FR - 44 may require you to purchase car insurance limits that are higher than the state's minimum requirements.

Maryland House Bill 526 would require twice convicted drunk drivers in the state to carry much higher auto liability limits than the minimums mandated by state law.

Be aware of the required limits of coverage for liability and any other compulsory policies and consider getting more than the minimum, especially for liability insurance.

Most financial professionals agree that motorists should have more than the required minimum coverage and coverage limits.

Although the Texas - required minimums may seem high, a major collision, particularly one that involves injuries or fatalities, has the potential to accumulate costs that are far greater than the coverage limits of a basic policy.

Such OTC - centric companies have set a minimum limit on the number of bitcoin purchase required which ranges nothing less than $ 100,000 to $ 10Mn on a per order basis.

For those home buyers that have income that exceeds the limits of the MassHousing and Massachusetts Housing Partnership mortgages, conventional loans that require a minimum 5 percent down payment and mortgage insurance also likely will be less expensive than FHA for the borrower.