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California law requires that drivers have evidence of auto insurance if they are driving their own car or someone else. The people who own a vehicle, but no units are still required to have auto insurance in California.
Mandatory financial responsibility law of California requires all drivers and owner liability of a car, the finance for their actions. The statutory minimum limits of liability> Insurance companies in California are that the person responsible for an accident that causes death or injury to a person responsible for $ 15,000, $ 30,000, or if there are multiple injuries in an accident. The party is liable for $ 5,000 for property damage will be responsible for the accident.
There are four ways to achieve financial liability, including coverage of a motor vehicle or car insurance, a deposit of $ 35,000 withDepartment of Motor Vehicles (DMV), a certificate of self-insurance obligations by DMV to owners of fleets of more than 25 vehicles, or a guarantee of $ 35.000 received from an insurance company authorized to do business with California.
When a vehicle in an accident for which the driver as legally liable, bodily injury liability covers their liability for injuries, others with them, while property damage is established, which covers liability for damageson property.
All California drivers and owners must have at least the statutory limits of minimum liability insurance or an approved replacement method to compensate for injury or property damage that result in May. The penalties are extremely difficult for non-compliance with this segment of the vehicle code. Comprehensive coverage (except collision), uninsured motorists, medical payments and collision insurance are not required by law, but through agood investment.
See Also : Ferret Online car insurance company
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