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Thursday 31st January 2013 Response from Rick.
Hello Keith: The $1,600 figure was for a higher value vehicle (If I remember correctly, Gus gave me a rough value range of possible participating vehicles).
As for the liability limits- $100,000 is the maximum we would pay for damages to any one person if you were at fault in an accident, up to a maximum of $300,000 per accident. So, if you caused an accident in which the other car had 3 occupants, each suffering $90,000 in damages, they would each be paid the full amounts. If the other car had say 2 occupants suffering a total of $400,000 in damages, we would pay the maximum of $300,000 for this one accident. Now if you have really bad luck and have another at-fault accident a mile down the road, you start over having the $100,000 per person/$300,000 per accident available. Of course we don't recommend having another accident a mile down the road, but just to give you an example.
The limits are quite low compared to what you are used to in the UK. However, believe it or not, they are quite a bit more than the required state minimum limits of $25,000 per person/$50,000 per accident. It's very uncommon for most in the USA to carry more than $1,000,000, with the majority carrying $500,000 or less (you'd be surprised how many people carry only the state required minimums). Many people carry "umbrella" policies here to go over and above their auto policy limits, however (this is not something we offer).
Hope that helps, and let me know if you need anything else.
Best regards,
Rick Hopefully the last few posts have helped answer questions and help those still calculating finances for this event..[
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Keith..[
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