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Is it legal for insurance companies to require that you have a certain amount for personal bodily injury?

Discussions relating to Personal Injury Law

Is it legal for insurance companies to require that you have a certain amount for personal bodily injury?

Postby bachir93 » Fri Dec 30, 2011 9:17 am

coverage before they can give you an insurance quote.
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Is it legal for insurance companies to require that you have a certain amount for personal bodily injury?

Postby bean » Fri Dec 30, 2011 9:25 am

Insurance companies don't set minimums, but the state does. The insurance company can't sell you a policy that has lower minimums than required by the state.

Carrying minimum limits on insurance is false economy. If you get in an accident, and you cause $50,000 in damage, and your insurance is only good for $25,000, then you will owe the balance out of your pocket (or future earnings.)
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Is it legal for insurance companies to require that you have a certain amount for personal bodily injury?

Postby kyledyr » Fri Dec 30, 2011 9:30 am

They can require you to carry the state's minimum, but cannot require you to carry over the state's minimums, which are not very helpful in a bad accident. If you injure someone to the tune of 100,000$ and have the 25,000 state minimum, you have to pay 75,000 out of your own pocket, although if the guy you hit has health insurance, he will get paid out of his own health insurance.
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