The minimum amount of coverage for certain types of liability insurance would increase for Nebraska motorists, under a bill introduced in the state Legislature.
State Sen. Paul Schumacher said the financial responsibility requirements for auto insurance need to be changed, because a dollar isn’t worth what it used to be.
The Columbus senator wants to increase the benefit for uninsured or underinsured motorist policies from $25,000 to $50,000 for individuals. In cases where two people are injured, the benefit would go from $50,000 to $100,000.
Schumacher said the current levels were set many years ago, when medical costs were lower. He said motorists would pay a relatively small amount more for insurance to double the coverage to pay for medical bills.
Was this article valuable?
Here are more articles you may enjoy.
New York Hospital Insurer Files for Bankruptcy, Citing Child Sex Abuse Claims
Old Republic to Acquire Small Farmowner Insurer Everett Cash Mutual
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4%
Trucking App Trucker Path Launches Retail Insurance Agency 

