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A serious accident could easily cause more than $10,000 in property damage or $10,000 in medical expenses, so many experts recommend purchasing higher coverage limits and bodily injury liability ...
New minimum car insurance liability limits: 50/100/25 Change effective Jan. 1, 2025 The 2025 minimum coverage increase is phase two of Virginia’s car insurance overhaul .
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.
AMP is also a first-party coverage, without regard to liability, but is only subrogable in a few states, and generally optional. AMP and PIP limits range from $1,000 to $250,000 depending on the injury and the state, though many insurance providers have a relatively low limit of $5,000.
Unlike most states, Florida does not require bodily injury liability. The only insurance that you must have is $10,000 in personal injury protection (PIP) and $10,000 in property damage liability .
No-fault systems generally exempt individuals from the usual liability for causing bodily injury if they do so in a car collision; when individuals purchase "liability" insurance under those regimes, the insurance covers bodily injury to the insured party and their passengers in a car collision, regardless of which party would be liable under ordinary legal tort rules.
Property damage liability. This coverage is designed to pay, fix or replace other people's property you damage in an accident, whether it's their car, motorcycle, boat, bicycle, fence, mailbox ...