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According to the Texas Department of Insurance, the minimum liability required is stated as 30/60/25 coverage, which indicates: Bodily injury liability: $30,000 per person and $60,000 per accident ...
Texas. 30/60/25. None. Utah. 25/65/15. ... New Jersey’s minimum limits will increase again in January 2026, to 35/70/25 for liability and 35/70 for UM/UIM. ... it may require these higher-than ...
In the state of Indiana, the minimum liability limits are $25,000/$50,000/$10,000, [7] so there is a greater property damage exposure for only carrying the minimum limits. Rental coverage [ edit ]
The minimum limits follow a 30/60/25 rule, which is described below: $30,000 bodily injury liability per person. $60,000 bodily injury liability per accident. $25,000 property damage liability per ...
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]
The minimum liability cover is RMB180,000 (US$27,907) for death and injury/per crash, RMB18,000 (US$2,791) for medical expense, and RMB2,000 (US$310) for physical loss. [16] Additional 3rd Party Liability Insurance also known as Commercial Motor Insurance provides extra cover up to RMB10,000,000 (US$1,550,388) excluding the driver and passengers.
Within Canada, all auto rentals are required by law to include a minimum of $200,000 in third-party liability insurance, regardless of whether the renter has their own auto insurance or not. Most rental agencies thus do not provide a third-party liability insurance option, and simply factor in the premium as part of fixed cost of rental. [7]
The minimum wage in Texas, which applies to covered, nonexempt minimum wage workers, is only $7.25 per hour. Yet according to a living wage calculator developed by researchers at the Massachusetts ...