$125,000.00
Effective 10/01/06, all taxicabs are required to maintain the following insurance to register a vehicle in Florida:
Barry D. Smith has written: 'Psychology' -- subject(s): Psychology, Textbooks, Psychologie 'Theories of personality' -- subject(s): Personality 'Property and liability insurance principles' -- subject(s): Insurance, Liability, Insurance, Property, Liability Insurance, Property Insurance, Liability insurance, Property insurance
Public Liability and Property Damage insurance. Bascially liability insurance.
Alabama's one of the states that requires minimum liability insurance. Alabama stipulates that an individual who has minimum liability insurance must have insurance that will cover the following Bodily Injury Liability: $25,000/$50,000 Limit Property Damage Liability: $25,000 Limit.
A property is not a contract or a business. A liability insurance policy is a kind of contract but not a business. the answer is b...
David Whiteman has written: 'Liability insurance availability and affordability problems as a function of property-casualty insurance market fluctuations' -- subject(s): Casualty Insurance, Insurance, Casualty, Insurance, Liability, Insurance, Property, Liability Insurance, Policies, Property Insurance
Pamela J. Brooks has written: 'Introduction to claims' -- subject(s): Insurance, Liability, Law and legislation, Liability Insurance, Liability insurance claims, Property Insurance, Property insurance claims
Property damage liability insurance is to cover the damage you may cause to someone else's property. Different states have different car insurance requirements and regulations. Further, some people get larger property liability insurance coverage than the minimum requirements.
Property and Liability
Bodily injury liability and property damage liability.
Insurance definitions found on the web can explain property and liability insurance more in detail. However the type of business you have will tell you what type of coverage you will need.
Your own liability insurance will never pay for the damage to your property or for your medical expenses. Your collision insurance pays for damage to your property, if it is your fault. Your Uninsured Motorist Insurance or Underinsured Motorist Insurance pays for damage to your property if caused by someone else who is uninsured or under-insured. Your liability insurance will pay for the damage to someone else's property or for someone else's medical expenses, if it is your fault. Someone else's liability insurance will pay for the damage to your property or for your medical expenses, if it is their fault.
As you know the minimum amounts for liability insurance vary from state to state. Alabama has as its minimum requirements the following the minimum liability limits are $25,000 for injury liability for one person, $50,000 for all injuries and $25,000 for property damage in an accident.