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Liability insurance in Florida. When it comes to liability insurance in Florida, only property damage liability (PDL) is technically required by law, of which drivers are required to carry $10,000 ...
For example, if your state only requires $10,000 in property damage coverage, but you cause $30,000 in damage to someone's car, you could be on the hook for the remaining $20,000.
The insurance company will not pay more than $25,000 for property damage in repairs to the vehicle that the insured one hit. 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.
$25,000 in property damage (PD) liability. The last number means that your policy helps pay up to $25,000 for property damage per accident to cover costs to repair or replace other vehicles or ...
Currently, the limits are too low to compensate the victims. In respect of Act Only Liability Motor Vehicle Insurance, the compensation for personal injuries and property damage to third parties is ৳ 20,000 (US$167) BDT 20,000 for death, ৳ 10,000 (US$84) for severe injury, ৳ 5,000 (US$42) for injury, and ৳ 50,000 (US$418) for property ...
A vulnerability in Florida's property insurance market — finger-pointing over whether water damage was caused by flood inundation or breaches in the structure that let rain through — is likely ...
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