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In this video we will discuss the basics of liability auto insurance in the state of Nevada and how it works Nevada law requires all motor vehicles to possess a minimum amount of liability insurance for every vehicle being drive non-public roadways your insurance coverage must be validated by an insurance company authorized to do business in the state of Nevada and you must present proof of this insurance coverage before you can register a motor vehicle in this state additionally proof of liability insurance must be carried in the vehicle you are driving vehicles must be continually insured to be drive nonpublic streets if you drop the liability insurance on any vehicle for any reason you must cancel your vehicle'registration and surrender your vehicles license plates immediately if your insurance coverage has actually lapsed or the DMV cannot confirm coverage tall they will send a certified letter notifying you that your vehicle registration will be suspended this will take effect ten days after the date of mailing so how does liability insurance work liability insurance coverage pays for the injuries or damage that you or driver of your vehicle causes to other people or their property it does not pay for any injuries or damage you may sustain the two types of liability coverage are bodily injury liability and property damage liability every state has laws that dictate the minimum coverage of liability insurance that you must carry Nevada requires that all automobile liability insurance policies carry a minimum coverage of $15,000 for bodily injury or death of one person inane one accident $30,000 for bodily injury or death of two or more person son anyone accident and $10,000 for injury to or destruction of property of others in any one accident this is also known as 15 / 30 / 10 here×39’s how it works let's say you are driving down the road and you accidentally rear-end the vehicle in front of you that has a total of 4 occupants inside the vehicle all of whom are injured as a result of this traffic accident if you are carrying the minimum amount of liability insurance require din Nevada fifteen thirty ten this means your insurance company will pay up to fifteen thousand dollars for the injury rehabilitation expenses pain and suffering and time loss from work foray one person in the vehicle, but they will not pay any more than thirty thousand dollars in total injury related expenses regardless of how many more occupants are inside the vehicle also your insurance company will pay up token thousand dollars in property damage for this one accident now if all occupants inside the vehicle you struck are injured and their total injury related bills amount to fifty thousand dollars and the total damage to the vehicle amounts to twelve thousand dollars where does the rest of the money come from to pay for these injuries and property damage well once your insurance company has paid their maximum payout you can behold personally liable for any amount...
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