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When insuring a leased vehicle, your leasing company will typically require you to carry a minimum of $100,000 per person and $300,000 per accident in bodily injury coverage and $50,000 in ...
Old minimum car insurance liability limits: 15/30/5. New minimum car insurance liability limits: 30/60/15. Change effective Jan. 1, 2025. The 2025 minimum coverage increase in California marks the ...
Consider the property liability portion, for which the minimum is $10,000. If the other driver’s car was totaled and it was a fairly new or expensive vehicle, $10,000 might not be enough to ...
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.
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 ...
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]