- What if my car is totaled and I only have liability?
- How much body injury liability do I need?
- What does 100k CSL mean?
- What is fair compensation for pain and suffering?
- What is a 100 300 policy?
- How do you interpret the numbers 100 300 on your insurance policy?
- What happens if someone sues you for more than your insurance covers?
- What does 50 100 25 mean on an auto insurance policy?
- What does 25 50 15 Mean on an auto insurance policy?
- Can pain and suffering exceed policy limits?
- Do I need 100 300 insurance?
- Can someone sue for more than policy limits?
- What does the 100 mean in auto coverage of 100 300 50?
- What is a good settlement offer?
- What auto liability limits should I carry?
- What is a bodily injury settlement?
- What is a good amount of liability insurance?
- What does 25k 50k 25k mean?
What if my car is totaled and I only have liability?
If your car is totaled and you only have liability insurance, you will have to pay to replace the vehicle yourself or file a claim with the other driver’s insurance company.
You need to have collision, comprehensive, or new car replacement coverage if you want your insurance company to pay to replace a totaled car..
How much body injury liability do I need?
$15,000 per personIn California you must have at least one of these: For bodily injury you need to have coverage for $15,000 per person and $30,000 per accident minimum liability. $5,000 for property damage liability. Uninsured motorist coverage for bodily injury $15,000 per person and $30,000 per accident minimum liability.
What does 100k CSL mean?
bodily injury coverage per personHere’s what it means: $100k of bodily injury coverage per person/$300k bodily injury limit per accident/$100k of property damage. Here’s what it really means: If you cause an accident and three people in the other car have $100k each worth of medical bills as a result and two $50k cars are destroyed — you’re covered.
What is fair compensation for pain and suffering?
You can recover up to $250,000 in pain and suffering, or any non-economic damages.
What is a 100 300 policy?
The 100 allows that the policy will cover up to $100,000 of bodily injury per single person injured in an accident and the 300 means the policy will cover up to $300,000 total for bodily injuries per accident. Typically, you will see such policies include a third number (for example, 100/300/100).
How do you interpret the numbers 100 300 on your insurance policy?
Example 100/300. This means the most the policy will pay is $100,000 per person up to $300,000 per accident. If an injured person has injuries up to $100,000 — your insurance will pay that amount. However, if you have lower liability limits like 25/50 and the person has $100,000 in injuries.
What happens if someone sues you for more than your insurance covers?
Personal Judgment Against the Defendant If your damages are greater than the defendant’s insurance policy limits, you may be entitled to a judgment for more than the policy limits. You could potentially recover the remaining judgment by garnishing the defendant’s wages or putting a lien on their property.
What does 50 100 25 mean on an auto insurance policy?
FAQ: Auto Insurance Numbers The numbers 25/50/25 indicate: $25,000 bodily injury liability per person, $50,000 bodily injury liability per accident, and $25,000 property damage liability per accident. … The numbers 50/100/20 represent your policy coverage limits.
What does 25 50 15 Mean on an auto insurance policy?
So, for example, if you own a 25/50/15 policy the “25” means that your carrier will pay out up to $25,000 for each person injured in an accident that was your fault. … The 25/50/15 policy-holder is covered up to $15,000 for damaged property in an at-fault accident.
Can pain and suffering exceed policy limits?
The short answer is yes, it is possible to collect more than the at-fault driver’s insurance policy limits. However, if you are going to pursue this route, you should know that it is unlikely, and proceed with the assistance of a personal injury lawyer.
Do I need 100 300 insurance?
It’s a good recommendation for all drivers to carry a minimum of 100/300/100 in liability coverage. If you can’t afford to carry this much liability insurance, you might want to carry the highest level of liability coverage you can afford.
Can someone sue for more than policy limits?
Unfortunately, you cannot make an insurance company pay beyond its policy limit. You do, however, have the right to sue the at-fault driver for more than the value of his or her insurance policy. This would mean directly filing a lawsuit directly against the driver who caused the accident and not the insurer.
What does the 100 mean in auto coverage of 100 300 50?
How to read liability limits. Example: 100/300/50 translates to $100,000 in bodily injury coverage per person, $300,000 in bodily injury coverage per accident and $50,000 in property-damage coverage per accident.
What is a good settlement offer?
Most cases settle out of court before proceeding to trial. Some say that the measure of a good settlement is when both parties walk away from the settlement unhappy. … This means that the defendant paid more than he wanted to pay, and the plaintiff accepted less than he wanted to accept.
What auto liability limits should I carry?
In California, drivers need $15,000 of bodily injury liability insurance per person, up to $30,000 per accident, and $5,000 of property damage liability insurance. California does not require uninsured motorist protection, which replaces the liability coverage an at-fault driver should’ve had and pays for your costs up …
What is a bodily injury settlement?
A bodily injury claim is a request for compensation for expenses related to physical injuries sustained in a car accident. Bodily injury claims usually cover medical bills and lost wages, and these claims can be paid by either the injured party’s insurance company or the at-fault driver’s insurance.
What is a good amount of liability insurance?
If you injure someone with your car, you could be sued for a lot of money. The amount of Liability coverage you carry should be high enough to protect your assets in the event of an accident. Most experts recommend a limit of at least $100,000/$300,000, but that may not be enough.
What does 25k 50k 25k mean?
The numbers 25/50/20 on your insurance policy represent the monetary limits on your liability coverage. The first number 25 stands for $25,000. This is you maximum coverage for bodily injury liability for one person injured in one accident or incident. The second one number 50 stands for $50,000.