Nevada Auto Insurance Coverages Explained
Auto insurance provides financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom.
In Nevada everyone who operates a motor vehicle on Nevada roads are required to maintain continuous liability insurance. The liability limits in Nevada are $15,000 per person, $30,000 per accident or occurrence, and $10,000 for property damage. It is also known as 15/30/10.
The most important coverage to purchase is uninsured and underinsured motorist, also known as UI/UM. In Nevada and like many states this coverage is optional but if you decline to purchase you are required to sign a form indicating you are declining this coverage.
UI/UM coverage means your policy will pay you for damages that are caused by another negligent driver that either does not have insurance or the insurance is insufficient to cover any damages. Please follow our YouTube channel to learn more about this valuable coverage.
Auto insurance may also offers financial protection against theft of the vehicle and damage to the vehicle, sustained from things other than traffic collisions.
Auto Insurance Coverage Definitions
There are basically six different types of coverages. Some may be required by law. Others are optional. They are:
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