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How much does 1500000 dollars worth of liability insurance cost?
Wiki User
∙ 14y ago
As with any type of insurance, there is no easy answer for "how much does X coverage cost?" Because insurance companies use such a diverse set of factors to rate policies there is no one way to know exactly how much insurance will cost any perticular individual.
The best I can say is to start contacting agents in your area or go on-line and search for insurers and start getting quotes. Also make sure that the companies you are being quoted with are financially stable and rated highly by AM Best.
Wiki User
∙ 14y ago
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What is 1500000 Pounds worth in American Dollars?
$2,343,150.0000
What exactly does liability insurance cover Is it worth paying for this if I'm starting a company?
It would definitely be worth getting liability insurance for your new business. It is in place to protect businesses from being sued by a third party due to negligence. Having liability insurance is a must for any business. Liability insurance, or business insurance, protects your company against lawsuits that claim you failed to use reasonable care.
If somebody has a 100K dollar net worth how much liability insurance do they need?
Amount of liability insuranceYou should get enough general liability insurance to cover your net worth or your perceived potential liabilities. If you're involved in high-risk activities, you might consider even more insurance.
Is collision car insurance more expensive than liability only?
The personal liability portion of your car insurance is for damage you may cause to others. The collision portion of your car insurance is for your vehicle. If your vehicle is very old, with lots of miles and is not worth much, you may consider not getting it.
Is cheap liability car insurance really worth it in the long run?
Each state has regulations regarding auto insurance. Any agent or company that gives you a quote must consider the state requirements and offer coverage that meets or exceeds those requirements. You are required to carry insurance. If the vehicle is free of liens, you can carry only liability to cover any damage that you might do to property or persons when driving. The cost of driving without insurance is quite high. So, yes, liability insurance is well worth it, in both the short- and long-run.
Which insurance companies provide liability insurance?
There are many insurance companies that provide liability insurance coverage. Some well-known companies include Allstate, State Farm, GEICO, Progressive, and Farmers Insurance. It's important to shop around and compare quotes from different companies to find the best coverage and price for your specific needs.
How much is an average life insurance policy worth to the survivor?
The average life insurance policy is worth around 250,000 dollars to the survivor. Many people have policies that pay out even higher.
What expenses are involved in becoming an obstetrician?
INSURANCE, INSURANCE, and more INSURANCE. Oh yea and then about 7 years worth of college financing. It cost me about 150,000 dollars when I finished school.
What types of vehicles is auto insurance required for?
Any Vehicle that is road worth must have insurance for at least liability. If the vehicle is not road worthy it does not have to have insurance but will not be covered for anything if someone were to damage it by fire or theft. Insurance may also differ from country to country.
Do Experts recommend that you only use insurance if the item is worth more than 100000 dollars?
No, trust me.
Where can one find a company that sells liquor liability insurance?
Many business insurance companies will provide liquor liability insurance. However, to make sure that you are getting both the right cover and the best deal it may be worth discussing with a broker.
Why isn't the cost of liability insurance proportional to the amounts of protection for instance why doesn't a 100000 limit of liability cost two and one-half times as much as a 40000 limit?
The cost of liability insurance is not proportional to the amount of protection of insurance because it is based on cost of overhead and payout. The office costs for one policy are the same as for another policy regardless of amount. The other reason has to do with payout. An accident occurred. A driver ran a stop sign and hit another car. The driver that ran the stop sign was at fault. He did $ 5,000 worth of damage to the other car. His insurance covered it. It did not matter if he had $ 10,000 worth of insurance or $ 100,000 worth of insurance. The insurance company still paid $ 5,000. Since most accidents are in that range, most of the costs go to cover that type of accident. Very few accidents occur that would cost $90,000 to fix. The cost of insurance that is against rare events is quite low.
