WebApr 10, 2024 · The minimum requirements are 15/30/5, meaning that each person must carry $15,000 in bodily injury coverage, $30,000 overall bodily injury coverage and $5,000 for property damage liability. WebMinimum Liability Coverage: 25/50/15. $25,000 bodily injury per person. $50,000 bodily injury per accident. $15,000 property damage per accident. Compared to other states, insurance minimums in ...
Choosing Bodily Injury Coverage - Michigan
WebHere are the minimum liability limits for each of the different types of policies: Auto Insurance Policy. $300,000 person/$300,000 occurrence (bodily injury), $100,000 (property damage) or $250,000 person/$500,000 occurrence (bodily injury), $100,000 (property damage) Homeowners Insurance Policy. $300,000 liability; Boat Insurance Policy (if ... WebThe new default BI/PD coverage limits are: Up to $250,000 for a person who is hurt or killed in an accident. Up to $500,000 for each accident if several people are hurt or killed. Up to $10,000 for property damage in another state. Drivers may have the option of purchasing other BI/PD coverage limits. However, the lowest limit they may purchase is: kinver film club
State Minimum Car Insurance Requirements for 2024
WebUp to $50,000 for a person who is hurt or killed in an accident. Up to $100,000 for each accident if several people are hurt or killed. Up to $10,000 for property damage in … WebBy law, most states require that you have certain types of coverage with minimum liability limits. Many insurers recommend that your bodily injury liability limits be at least $100,000 per person and $300,000 per occurrence. The question you're probably now asking yourself: How much insurance do I need? WebProperty damage liability coverage helps cover expenses you incur if you damage someone’s physical property, such as somebody’s vehicle or garage door. Bodily injury coverage helps pay for medical bills of anyone injured in an accident when you’re found at fault. It also helps pay for legal defense in the event you are sued for damages. kinver croft