Tag: liability limits

6
Mar

Auto Liability Insurance: How Much is Enough?

Do you know what the three numbers that are usually written like this xx/yy/zz on your Auto Liability insurance? The first number refers to the maximum amount of Bodily Injury Liability (BI) for an individual injured in an auto accident; the second is BI per coverage per accident; while the third covers Property Damage Liability (PD) per vehicle. For example

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16
Nov

‘Aggregate’ Coverage Means ‘ALL OF IT’

An important question when purchasing an insurance policy is “How much will it pay when I need it?” Most coverages, such as Property, the answer is fairly clear — the amount listed on the front page of the policy (known as the “declarations page”) for the specified property is the most you can collect for a loss to it. For

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3
Apr

State Minimum Auto Liability Coverage: Is It Enough?

State minimum insurance requirements are minimal. Most states demand less than $100,000 for bodily injuries and $50,000 for property damage. Some states require only $10,000 for property damage coverage. How many cars valued at greater than $10,000 travel the highways? How many trucks carrying cargo are worth more than $10,000? $50,000? $100,000? According to the 2010 census, the median family

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