In Nevada, the state mandates minimum liability coverage to ensure that drivers can cover costs resulting from injuries or property damage in the event of an accident. The total liability coverage required specifically for bodily injury or property damage amounts to $15,000 for injury to or destruction of property of others. This coverage is not just a legal requirement but also plays a crucial role in financial protection for both the policyholder and other parties involved in potential accidents.
To further clarify, the minimum limits in Nevada include $25,000 for bodily injury or death of one person in an accident and $50,000 for injury or death of two or more persons in a single accident. However, the property damage liability is set at $20,000, providing a clear financial safeguard against damages that you might cause to someone else's property while driving.
Choosing the accurate coverage is essential to ensure compliance with state laws and to protect oneself from significant financial liability. Thus, the practice of having a lower amount, such as the $10,000 indicated in the option, would not meet the state requirements, leading to possible legal ramifications for the driver.