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A person's age has nothing to do with how much liability insurance they need to carry. It really depends on how much damage and injuries they plan on doing to someone if they hit them in an accident that is the 59 year old's fault. The actual answer is as much as you can afford because you don't know how much damage you may do in an accident. If the person has assets they need to purchase liability insurance in an amount that at least exceeds the value of their assets. This is not to say that they could not be liable for an amount more than their assets as they could have their wages and income garnished for the rest of their life.
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∙ 11y ago
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What is the average liability insurance a 23 year old should have on his car?
There is no average. You need to have as much liability coverage as you can afford to carry. You must have enough to cover everything you own and your future earnings as you can loose this if you have an at fault accident and hurt someone.
Do you need liability and collison coverage on a 10-year-old car that is driven by a 17-year-old?
You must carry liability. An old car can cause as much death, injury, and destruction as a new one. Make sure you carry enough liability insurance to cover the value of your assets, which you could lose if, god forbid, you daughter seriously injures someone in an accident. But carrying collision is doubtful on a car that old. If it's only worth a few thousand dollars, you may be willing to assume the risk.
How much will insurance rise when your 17 year old daughter gets her license and is added to your policy?
Mine doubled. It wasn't much to begin with, because I only carry liability on an old car. So it went from $600 a year to $1200.
Tax loss carry forward?
Tax loss carry forward or Carry forward of a loss is basically a provision in certain tax laws which allows a business to carry forward operating losses from the current year and adjust them against the profit of the next year. This helps to reduce tax liability.
Do you need yearly liability insurance if you have a seasonal business?
I would say that you need a policy for the entire year. The reason I say this is because of claims purposes. A general liability policy can be a reasonable premium for the year. I have several markets with competitive rates now so they are out there.
1 A liability is classified as a current liability if it is to be paid within the coming year?
Yes current liability is that liability which is payable within one fiscal year otherwise it is that portion of long term liability which is payable within one year remaining portion will be long term liability.
How much did auto insurance cost in 1981?
In the year 1981, I paid $150 dollars a year for auto liability insurance.
What is the fundamental variable which is used to determine if a liability is a current liability or a long term liability?
if liability is payable within one fiscal year then it is current liability while if it is payable for morethan one fiscal year then it is long terrm liability.
How much is 100000 in liability insurance?
I have to provide my apartment management with 100,000 liability insurance coverage. With Safeco it costs $18 per year. Liability coverage requires minimum personal property coverage of $10,000 (costs $57 per year) and replacement coverage (+$9). Total per year $84
I'm becoming a free lance interpreter fro the deaf in an education setting. I was told that I need liability insurance. Can you give me a quote on how much it will cost. The school is an automotive school in NC?
DHH insurance (they have a website) charges $350 per year for liability insurance for freelance interpreters.
What is the purpose of reporting current maturities of long term debt?
Purpose to report is to show that how much portion of long term debt will be paid or payable in current accounting year that's why that portion became current liability and not long term liability.
Cheapest truck to insure for 18 year old male that has never had a ticket or been in an accident?
One that is at least 10 years old and you can carry only liability on. Seriously.
