There are different kinds of insurance coverage. The two to be discussed here is the Car insurance and life insurance.
Note that all state has its minimum car insurance requirements and the amount varies. The items taken into consideration are the amount of coverage one need so as to be legally insured.
- The minimum amount for Alabama in terms of bodily injury liability insurance (BI) is $25,000 per person/ $50,000 per accident, while property damage liability (PD) is $25,000 per accident.
- The minimum amount for life insurance such as life insurance products has a minimum coverage amount of $100,000. Some that is very few will go as low as has low amount of $50,000.
What is Insurance coverage?
Insurance coverage is simply known as the amount of risk or liability that is taken up for a person, firm etc. through the use of insurance services. The types of insurance coverage are auto insurance, life insurance, etc.
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