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  2. Increased limit factor - Wikipedia

    en.wikipedia.org/wiki/Increased_limit_factor

    An increased limit factor (ILF) at limit L relative to basic limit B can be defined as = + + + + + + ()where ALAE is the allocated loss adjustment expense provision, ULAE is the unallocated loss adjustment expense provision, and RL is the risk load provision.

  3. Vehicle insurance in the United States - Wikipedia

    en.wikipedia.org/wiki/Vehicle_insurance_in_the...

    Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...

  4. Liability insurance - Wikipedia

    en.wikipedia.org/wiki/Liability_insurance

    Liability insurance (also called third-party insurance) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy.

  5. These states are increasing minimum coverage ... - AOL

    www.aol.com/finance/states-increasing-minimum...

    In California, minimum coverage car insurance requirements are 30/60/15 effective Jan. 1, 2025. Utah minimum coverage limits will increase to 30/60/25. Virginia limits will be 50/100/25.

  6. How does auto liability work?

    www.aol.com/finance/does-auto-liability...

    24/7 Help. For premium support please call: 800-290-4726 ... it’s important for drivers to carry the right amount of liability coverage. Liability insurance has limits that are set when you ...

  7. What are the different types of car insurance coverage? - AOL

    www.aol.com/finance/different-types-car...

    24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For premium support please call: ... Required car insurance: liability coverage.

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