Which insurance cover is mandatory by law?
In India, as per the Motor Vehicles Act, it is mandatory that all vehicles that operate in any public space must have a motor vehicle insurance cover. Policyholders must have at least ‘third party liability’ motor insurance cover even when opting for the basic insurance plans.
What type of coverage does the state of Illinois require and at what limits?
Minimum insurance requirements for Illinois
The minimum amount of Illinois auto insurance coverage is $25,000/$50,000/$20,000. In the event of a covered accident, your limits for bodily injury are $25,000 per person, with a total maximum of $50,000 per incident.
Is collision insurance the only required insurance in Illinois?
While it isn’t mandatory in any state, collision coverage is an important coverage that’s worth getting. If you only carry the state-required liability insurance, you have to be prepared to pay for repairs out of your own pocket if your vehicle sustains damage in an accident that’s your fault.