Is the red car liable or is the grey car liable. In Nevada an accident is based on contributory negligence, to determine who is at fault one must first determine which driver contributed the most to the cause of the accident.
The minimum limits in Nevada is $15,000 per person, $30,000 per accident, and $10,000 for property damage. This is also known as 15/30/10. Lets say the 2nd driver was not paying attention and ran into the 1st driver while he was parked. Now the 1st driver has an injury to his back and unable to stand for long periods of time.
The 1st drivers car needs to be repaired, and because of his back injury he is unable to work. Who will pay for his lost wages, and the cost to repair his vehicle?
The 2nd drivers insurance will pay the 15/30/10 (example) meaning since there is only one injured party the most he will receive is $15,000 for his injuries, and $15,000 to repair his vehicle. Again the most he will receive under this policy is $30,000.
In Nevada if you do not own any property or have significant assets Insurance Group of Nevada recommends a minimum of 25/50/25. Instead of $30,000 the limits would be increased to $50,000. The price difference to upgrade to this level of coverage is approximately $25-$35 additional per month.
The next posting will explain UI/UM coverage in Nevada.