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Understanding the tables: XX/XX/XX = Bodily Injury Limit (per individual)/Bodily Injury Limit (per accident)/Property Damage Limit For example, limits of 25/50/20 means after "an accident each person injured would receive a maximum of up to 25,000 with only 50,000 allowed per accident (ex. 2 people needing 25,000, if the need is more such as 3 ...
The liability limits vary from state minimum coverage up to 250/500/100. Rates include bodily injury liability per person and per accident, and property damage liability, respectively.
In the case of car insurance, liability refers to damage and injuries that you cause with your vehicle. There are two types of liability offered on most standard car insurance policies: bodily ...
Policy number: This is a unique number assigned to your car insurance policy. This helps your company find your exact policy when you make changes or file a claim. Policy term: The policy term is ...
Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium). [2]
Minimum self-insurance requirements. California. $35,000 cash deposit or surety bond. Connecticut. $50,000 cash or its equivalent for first vehicle, $60,000 for the second vehicle, $65,000 for the ...
Taxation in the United States. The United States has separate federal, state, and local governments with taxes imposed at each of these levels. Taxes are levied on income, payroll, property, sales, capital gains, dividends, imports, estates and gifts, as well as various fees. In 2020, taxes collected by federal, state, and local governments ...
Together, you can review these options to find a policy that matches both your needs and your budget. 4. Fill out an application. At this point, you can contact the insurance company you have ...
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related to: recommended auto personal liability limits for taxesA++ Superior Ability to Meet Insurance Obligations - Insure.com