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.
Relief But Questions on Agents’ Duties to Insureds After Florida Court Ruling
Aon Extends Employment Agreement With CEO Case
AIG’s Zaffino to Step Down as CEO as Aon’s Andersen Steps In
High-Net-Worth Risk Appetite Drops as Some Regions Show Stabilization 

