How much personal liability coverage do I need? If someone gets hurt on your property and decides to take legal action, your personal liability renters insurance will cover damages you’re legally required to pay. How much can I get? Between $100,000 and $1,000,000. How much do I need?
and whether it is a no-fault ortort state(states that hold drivers responsible for damage and injuries caused to others). In ano-fault state, a driver may also be required to carry personal injury protection (PIP) insurance in addition to liability, property damage and bodily injury coverage...
Yes, umbrella insurance may offer liability coverage if your dog bites someone. Normally, a dog bite claim would fall under the personal liability section of your homeowners, condo or renters insurance. But if the amount of the claim is more than your liability limit, an umbrella policy can ...
How Much Should You Expect to Pay? When it comes to insurance, the more coverage you need, the more you’ll pay. While full coverage policies tend to cost more than liability-only plans, they increase your coverage dramatically. The additional financial protection could save you money in the...
2. Include limitation of liability clauses Another effective way to manage contract risk is to use limitation of liability clauses. How and when they should be used can vary between different types of contracts. However, these clauses can be used to impose a limit on the value of damages...
Do I need liability-only or full coverage car insurance? Decidinghow much car insurance you needis pivotal in finding the right policy for you. Too little coverage could leave you with high out-of-pocket bills in the event of an accident and cause financial hardship. Too much coverage, howe...
Before you apply for life insurance, you should analyze your financial situation anddetermine how muchmoney would be required to maintain yourbeneficiaries’standard of living or to meet other financial needs for which you’re purchasing a policy. Also, consider how long you'll need coverage to ...
Ideally, a business should be able to earn more using borrowed funds than what it pays in interest expense and fees on those funds. To carry a large amount of debt successfully, a company must maintain a solid record of complying with its various borrowing commitments. ...
Much depends on the insurer's perception of your risk for a claim. For example, suppose you own several expensive automobiles and have a history of reckless driving. In that case, you will likely pay more for an auto policy than someone with a single midrange sedan and a perfect driving r...
Private equity managers also receive a “carry," which is a performance fee that's traditionally 20% of excess gross profits for the fund. Investors are traditionally willing to pay these fees due to the ability of the fund to help mitigate corporate governance and management issues that might...