| Continued from part 3.
| |
| | liability for all people and $10,000
|
| Think About it: You Need to Buy Insurance
| |
| | property damage liability.
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| to Protect Yourself, Passengers, and
| |
| | StateRequired coverage typesUninsured
|
| Family Members by Purchasing Underinsured
| |
| | Under-insured Motorist Coverage
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| Motorist Coverage (part 4 of 4)
| |
| | Required?Minimum liability limitsNo
|
| One serious mistake is to decline UIM
| |
| | fault?
|
| coverage. Some companies require that you
| |
| | Alabamabodily injury and property damage
|
| purchase UIM in the same amounts as the
| |
| | liabilityNo20/40/10no
|
| liability insurance. However, many
| |
| | Alaskabodily injury and property damage
|
| companies, depending upon state law, are
| |
| | liabilityNo50/100/25no
|
| authorized to sell denominations of UIM
| |
| | Arizonabodily injury and property damage
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| coverage less than the liability limits.
| |
| | liabilityNo15/30/10no
|
| The insured thinks that he is providing
| |
| | Arkansasbodily injury and property damage
|
| some satisfactory minimal coverage for
| |
| | liabilityNo25/50/25no
|
| his family and decides to save some money
| |
| | Californiabodily injury and property
|
| with lower UIM limits. However, UIM is
| |
| | damage liabilityNo15/30/5no
|
| probably the most important place to
| |
| | Coloradobodily injury and property damage
|
| spend money.
| |
| | liabilityNo25/50/15yes
|
| You are not as likely to cause an
| |
| | Connecticutbodily injury and property
|
| accident, as you are to be a victim of an
| |
| | damage liability, uninsured motoristYes20
|
| accident. At least if you are taking the
| |
| | 40/10no
|
| time to read this article, you are
| |
| | Delawarebodily injury and property damage
|
| probably a person who will exercise more
| |
| | liability, personal injury protectionNo15
|
| care and judgment in your driving than
| |
| | 30/10no
|
| the ordinary person. Therefore, it is
| |
| | DCbodily injury and property damage
|
| more likely that you will be making a
| |
| | liability, uninsured motoristYes25/50
|
| claim against another person for injuries
| |
| | 10yes
|
| sustained by you at the hand of the third
| |
| | Florida
|
| party tortfeasor. In this instance, the
| |
| | BI liability not required, only property
|
| tortfeasor may (but likely will not) have
| |
| | damage liability, personal injury
|
| sufficient insurance to cover you and
| |
| | protectionNo10/20/10yes
|
| your passengers for all of your medical
| |
| | Georgiabodily injury and property damage
|
| expenses, wages loss, and general
| |
| | liabilityNo25/50/25no
|
| damages. If not, then the tortfeasor is
| |
| | Hawaiibodily injury and property damage
|
| said to be "underinsured". In that
| |
| | liability, personal injury protectionNo20
|
| instance, the balance of the value of
| |
| | 40/10yes
|
| your claim, above the bodily injury
| |
| | Idahobodily injury and property damage
|
| policy limits of the tortfeasor, is the
| |
| | liabilityNo25/50/15no
|
| responsibility of your own company's UIM
| |
| | Illinoisbodily injury and property damage
|
| coverage.
| |
| | liability, uninsured motoristYes20/40
|
| A third possibility is if the tortfeasor
| |
| | 15no
|
| is uninsured. This is a distinct
| |
| | Indianabodily injury and property damage
|
| likelihood if someone who is reckless, or
| |
| | liabilityNo25/50/10no
|
| who has a drinking problem or who is
| |
| | Iowabodily injury and property damage
|
| driving with a suspended license involves
| |
| | liabilityNo20/40/15no
|
| you in their traffic habits. They caused
| |
| | Kansasbodily injury and property damage
|
| you and your passengers harm, but they
| |
| | liability, personal injury
|
| have no insurance. You will be making
| |
| | protectionYes25/50/10yes
|
| your entire claim under your UIM polity
| |
| | Kentuckybodily injury and property damage
|
| limits.
| |
| | liability, personal injury protectionNo25
|
| All too often, we have seen serious
| |
| | 50/10yes
|
| injuries to individuals and their
| |
| | Louisianabodily injury and property
|
| families receive little or partial
| |
| | damage liabilityNo10/20/10no
|
| compensation because the insured elected
| |
| | Mainebodily injury and property damage
|
| to "save money" by not purchasing the
| |
| | liability, uninsured motoristYes50/100
|
| maximum UIM coverage available to him.
| |
| | 25no
|
| Purchase as much UIM coverage as you can.
| |
| | Marylandbodily injury and property damage
|
| Be Honest
| |
| | liability, uninsured and underinsured
|
| A word of caution in dealing with your
| |
| | motoristYes20/40/15no
|
| insurance company: don't try to fool them
| |
| | Massachusettsbodily injury and property
|
| on any of the information requested, or
| |
| | damage liability, personal injury
|
| by insuring only one driver for each of
| |
| | protection, uninsured motoristYes20/40
|
| the family vehicles. We have numerous
| |
| | 5yes
|
| cases holding that one family member is
| |
| | Michiganbodily injury and property damage
|
| not covered because he or she was not
| |
| | liability, personal injury protectionNo20
|
| named as a driver of another family
| |
| | 40/10yes
|
| vehicle. Questions of whether the vehicle
| |
| | Minnesotabodily injury and property
|
| was "available for the regular use" of
| |
| | damage liability, personal injury
|
| any individual are complex issues, and
| |
| | protection, uninsured and underinsured
|
| history tells that you will lose.
| |
| | motoristYes30/60/10yes
|
| Disclose the full number of drivers and
| |
| | Mississippibodily injury and property
|
| you will have the knowledge that you and
| |
| | damage liabilityNo10/20/5no
|
| family members are covered.
| |
| | Missouribodily injury and property damage
|
| The same thing pertains to marital status
| |
| | liability, uninsured motoristYes25/50
|
| and student status of children. Our
| |
| | 10no
|
| recommendation is to be honest in your
| |
| | Montanabodily injury and property damage
|
| application and in your relationship with
| |
| | liabilityNo25/50/10no
|
| your company. The few dollars you "save"
| |
| | Nebraskabodily injury and property damage
|
| otherwise will never be a bargain should
| |
| | liability, uninsured and underinsured
|
| you loose out in the long run. A contract
| |
| | motoristNo25/50/25no
|
| entered into with materially fraudulent
| |
| | Nevadabodily injury and property damage
|
| representations can be voidable by the
| |
| | liabilityNo15/30/10no
|
| company under some circumstances.
| |
| | New Hampshire
|
| Table of Insurance Coverage Requirements,
| |
| | Insurance not required; proof of
|
| by State
| |
| | financial responsibility, medical
|
| Most states require that you have
| |
| | payments, uninsured motoristYes25/50/25no
|
| liability insurance. This covers you when
| |
| | New Jerseybodily injury and property
|
| you're at fault in an accident. If you
| |
| | damage liability, personal injury
|
| live in New Hampshire, South Carolina,
| |
| | protection, uninsured motoristNo15/30
|
| Tennessee or Wisconsin, you aren't
| |
| | 5yes
|
| required by law (yet) to have liability
| |
| | New Mexicobodily injury and property
|
| coverage. For the rest of us, the
| |
| | damage liabilityNo25/50/10no
|
| mandatory coverage varies according to
| |
| | New Yorkbodily injury and property damage
|
| state. In the chart below, minimum
| |
| | liability, uninsured motorist, personal
|
| liability limits are read as follows (in
| |
| | injury protectionYes25/50/10yes
|
| thousands of dollars): bodily injury
| |
| | North Carolinabodily injury and property
|
| liability for one person in an accident
| |
| | damage liabilityNo30/60/25no
|
| bodily injury liability for all people
| |
| | North Dakotabodily injury and property
|
| injured in an accident/property damage
| |
| | damage liability, personal injury
|
| liability for one accident.
| |
| | protection, uninsured and underinsured
|
| So, for Alabama, the minimum requirements
| |
| | motoristYes25/50/25yes
|
| are $20,000 of bodily injury liability
| |
| | Ohiobodily injury and property damage
|
| for one person, $40,000 bodily injury
| |
| | liabilityNo12.5/25/7.
|
