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Here is the amount of coverage that the state requires: $30,000 in bodily injury liability coverage per person. $60,000 in bodily injury liability coverage per accident. $25,000 in property damage ...
Minimum insurance required in North Carolina. ... The minimum amount each driver must have in North Carolina is: Bodily injury liability: $30,000 per person; $60,000 per accident.
Minimum self-insurance requirements. California. $35,000 cash deposit or surety bond. Connecticut. $50,000 cash or its equivalent for first vehicle, $60,000 for the second vehicle, $65,000 for the ...
North Carolina is the only state to require that a driver hold liability insurance before a license can be issued. North Carolina does allow for a "fleet license" to be issued if the license holder has no insurance, however the fleet license only allows for the driver to operate vehicles owned and insured by their employer. The license holder ...
SR-22 (insurance) In the United States, an SR-22 (sometimes referred to as a certificate of insurance[a] or a financial responsibility filing) [1][2] is a vehicle liability insurance document required by most state departments of motor vehicles (DMV) offices [b] for "high-risk" insurance policies. [3] An SR-22 is not an insurance policy, but a ...
The SR in SR-22 stands for Safety Responsibility, and it is needed to reinstate a suspended driver's license after a DUI conviction in 49 states and the District of Columbia. It is submitted to the State's DMV by an auto insurance company to serve as proof that a driver has the minimum liability insurance that the states requires.
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