1. Car Insurance Requirements
Car insurance requirements vary from state to state. However, drivers are required to have liability insurance, the minimum liability coverage required by law in every state in the US. It covers any damages or injuries you may cause to third parties in an accident. This insurance coverage pays for the damages and medical bills for other people involved in an accident where you are at fault.
Typically, it includes two types of coverage: bodily injury liability and property damage liability.
- Bodily Injury Liability: This covers any medical expenses, lost wages, and other expenses of injured parties in an accident you are at fault. The minimum amount of bodily injury liability insurance required in most states is $25,000 per person and $50,000 per accident.
- Property Damage Liability: This covers the cost to repair or replace any property damaged in an accident you caused. The minimum amount of property damage liability insurance required in most states is $10,000 per accident.
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