It depends on your State's statute. Self-insurance usally requires posting a bond in the insurance amount, so just having it in the bank account isn't enough. But you probably could if you wanted to.
It may be possible although many states limit self insurance to businesses or persons who own a large number of cars. You may be able to purchase a surety bond or be required to place the state's required insurance minimum in a secure deposit with the DMV or State Insurance Commissioner. In the case of placing the insurance amount on deposit- that will need to be transferred out of your own account. You will no longer have free access to those funds. Also, you may have an issue driving out of state since state laws may vary.
When you self insure and the damages are greater than your self insurance amount you are still responsible for the remaining amount of damages.
25% of 7 = 1.7525% of 7 hundred thousand dollars = 1.75 hundred thousand dollars = $175,000.00
10 hundred thousand (or a million) dollars.
One hundred thousand dollars.
Two Hundred Thousand Dollars
Two percent out of one hundred thousand dollars is two thousand dollars.
Twelve thousand five hundred dollars = $12,500
An abbreviation for three hundred thousand dollars is 300K.
The answer is Two hundred and ten thousand dollars.
Three thousand three hundred and 00/100 dollars
Seventy five hundred dollarsORSeven thousand, five hundred dollars
Two hundred eighty one dollars.
two million five hundred thousand dollars