History of compulsory civil liability

History of compulsory civil liability

History of compulsory civil liability

The first insurance policy that provides coverage for automobile liability signed in the UK in 1895. The first automobile liability insurance policy of the United States signed in 1898 to Dr. Truman J. Martin. First mandatory car insurance law enacted in Massachusetts in 1927. This happened after the politicians have decided that the operation of motor vehicles on public lands has become a privilege, not a right. The underlying logic is that motorists need to buy insurance to protect innocent third parties from injury or property damage caused by a car.
As insurance limits are structured Liabilility

Insurance companies generally follow the laws of the state and classify more than the insurance limit in three main categories - injury liability for one person in an accident, bodily injury liability for all injuries in an accident and property damage liability accidents.
Minimum liability limits vary from state

In the United States the minimum limit of insurance is determined by state law and varies from state to state. In most cases, car owners buy only the minimum liability coverage required for the country in which they live.
Minimum limit of liability for Selected CountriesAlabama - injury liability for one person $ 25,000 , body injury liability for all of the $ 50,000 , liabilities $ 25,000 damageAlaska - injury liability for one person $ 50,000 , injury liability for all people $ 100,000 ; damage liability $ 25,000California - injury liability for one person $ 15,000 , injury liability for all people $ 30,000 , $ 5,000 damage liabilityColorado - injury liability for one person $ 25,000 , body injury liability for all of the $ 50,000 , $ 15,000 property damage liabilityIndiana - injury liability for one person $ 25,000 , body injury liability for all of the $ 50,000 , $ 10,000 property damage liabilityLA - injury liability for one person $ 10,000 , injury liability for all people $ 20,000 ; $ 10,000 property damage liabilityMaine - injury liability for one person $ 50,000 , injury liability for all people $ 100,000 ; damage liability $ 25,000New York - injury liability for one person $ 25,000 , body injury liability for all of the $ 50,000 , $ 10,000 property damage liabilityTexas - injury liability for one person $ 25,000 , bodily injury liability for all of the $ 50,000 , liabilities $ 25,000 damage
  Liability limits automatically determine what is appropriate for you

While the insurance limit above the minimum requirements for various countries, some individuals may choose to purchase an automobile liability insurance with higher limits to protect themselves. Often it is the main activity for protecting consideration, especially considering how expensive medical care at this time. A total of $ 25,000 does not go far to serious injury, and if you have a financial asset, who was seriously injured in an accident that is your fault threaten to sue you.
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