Insurance Liability Forms for Phoenix
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Get Phoenix Insurance Liability documents in clicks
Properly operating any business requires utilizing a huge number of official documents for every working case, which can be a challenge to get. To help you attain them more quickly, we've made an extensive online catalog of legal forms for Phoenix Insurance Liability. We’ve arranged them all according to regional criteria since we know industry polices differ by state. Just choose your state and find the sample you need utilizing the search tab.
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FAQ
Mandatory Insurance Minimum levels of financial responsibility are: $25,000 bodily injury liability for one person and $50,000 for two or more persons. $15,000 property damage liability.
Mandatory InsuranceArizona requires that every motor vehicle operated on roads in the state be covered by liability insurance through a company that is authorized to do business in Arizona. This includes golf carts, motorcycles and mopeds.
No, personal injury protection (PIP) is not required in Arizona. PIP is not even available in Arizona. Instead of PIP insurance, Arizona insurance companies offer medical payments insurance (sometimes called MedPay), which helps with hospital bills resulting from a car accident.
Arizona requires drivers to have car insurance that meets or exceeds the following minimum coverage levels: Bodily injury liability coverage: Minimum $25,000 per person / $50,000 per accident. Property damage liability coverage: Minimum $15,000.
Liability insurance covers bodily injury and property damage claims resulting from an accident that is primarily your fault. The limits in your policy are the maximum amounts your insurance company will pay for bodily injury and property damage claims.
A typical small business in Arizona can expect to pay anywhere between $300 and $5,000 annually for their general liability policy. The final cost of liability coverage from one business to the next will vary significantly based on the SIC code or the insurance company's own classification system for GL rating.