[Answer] The minimum amount of liability insurance for property damage is $_______. A . 10 000B . 15 000C . 20 000D . 25 000

Answer: D

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The minimum amount of liability insurance for property damage is $_______. A . 10 000B . 15 000C . 20 000D . 25 000 Thu Apr 11 2019 · Liability insurance is commonly shown in the following format: 20 /40/ 10 . The first two numbers refer to bodily injury liability limits and the third number to property damage liability . In this example 20 /40/ 10 means coverage up to $20 000 for each person injured in an accident up to a maximum of $40 000 for the entire accident and $10 000 ... Minimum liability insurance coverage must be at least $15 000 for bodily injury or death of each person as a result of any 1 accident and $ 30000 for bodily or injury or death of all persons as a result of any 1 accident and at least $ 5000 for damage to property as a result of any 1 accident. State has non-resident service of process law. The minimum limits required are $ 15000 for the death or injury of any one person in a car accident and $ 30000 for the deaths or injuries if multiple people are involved. Many insurance carriers will list the coverage as 15/30 which refers to the limits $ 15 000/$30 000 . effective January 1 2011 the minimum amount of liability insurance is: • $30 000 against injury or death of one person • $ 60000 against injury or death of two individuals • $ 25000 against property damage to comply with the Safety Responsibility Act a driver unless exempt must maintain liability insurance or The third number lists the maximum amount of liability coverage for property damage in a single accident. In the case that your state requires you to maintain 20/40/10 coverage you would need to maintain $20 000 in...

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