Question

The minimum insurance required is ______ for personal injury or death to any one person, ______ for death or injury to more than one person, and ______ for property damage.

Answer 1

Answer:

$15,000; $30,000; $5,000

Explanation:

Every type of insurance has a minimum insurance benchmark which everyone has to take if they want insurance. According to the laws, $15,000 is the minimum insurance required for a personal injury and $30,000 for death. Likewise, for property damage, the minimum insurance amount is $5,000. Minimum insurance is decided on the basis of various factors to at least cover the bare minimum expenditures.