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And if you lease your car, you may even have to purchase a certain amount of liability coverage — often 100/300/50 — as part of the lease agreement. Your coverage levels may also depend on the ...
Below are the coverage types that are often required with minimum car insurance: Bodily injury (BI) liability: If you cause an accident with another driver or pedestrian, bodily injury liability ...
The phrase refers to the lowest amount of liability car insurance coverage that drivers must carry according to state laws. You may have seen numbers listed on your policy, such as 30/60/15.
Collision coverage is optional, however if you plan on financing a car or taking a car loan, the lender will usually insist you carry collision for the finance term or until the car is paid off. Collision Damage Waiver (CDW) or Loss Damage Waiver (LDW) is the term used by rental car companies for collision coverage.
Individuals who do not have liability coverage for the vehicle he or she is operating. In most states, it is a crime to be uninsured in this manner. When an individual flees the scene of an accident without leaving sufficient information to identify him or herself, the individual is considered uninsured for the purposes of an uninsured motorist ...
Liability coverage. Liability coverage is the backbone of your policy and is required by law in most states — except in New Hampshire, which may make an exception if you can prove that you have ...
Even if you have a full-coverage car policy — including liability, collision and comprehensive — there are still several situations that can lead to claim denials or shortfalls. 1. Business ...
New car replacement: If your car is only a few years old and you have full coverage, you may qualify for this coverage. With new car replacement, if your car is totaled, you get the value to ...