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Property damage liability insurance covers the costs of repairing or replacing another person’s property damaged in an accident where you were at fault. This can include the following: Damage to ...
The minimum coverage defined by German law for car liability insurance / third-party personal insurance is €7,500,000 for bodily injury (damage to people), €500,000 for property damage and €50,000 for financial/fortune loss which is in no direct or indirect coherence with bodily injury or property damage. [24]
The force of the crash caused significant damage to the building. The impact pushed the brick façade into the frame of the building. On the inside, a Corvette-sized section of the wall was pushed ...
[10] [8] He won the case on appeal in January 1970 and was awarded $425,000, which he used to establish the Center for Auto Safety, a non-profit advocacy group. He went on to lobby for consumer rights , helping drive the creation of the U.S. Environmental Protection Agency and the passage of the Clean Air Act , among others.
The first two numbers seen are for medical coverage. In the 100/300 example, the policy will pay $100,000 per person up to $300,000 total for all people. The last number covers property damage. This property damage can cover the other person's vehicle or anything that drivers hit and damage as a result of the accident.
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The Insurance Institute for Highway Safety and Highway Loss Data Institute (IIHS-HLDI) is an American nonprofit organization.It was established in 1959, and it is noted for its safety reviews of vehicles in various simulated traffic situations, including the effectiveness of a vehicle's structural integrity and safety systems during a collision, in addition to examining improvement on such ...
State Farm Mutual Automobile Insurance Co. v. Campbell, 538 U.S. 408 (2003), was a case in which the United States Supreme Court held that the due process clause usually limits punitive damage awards to less than ten times the size of the compensatory damages awarded and that punitive damage awards of four times the compensatory damage award is "close to the line of constitutional impropriety".