Law of Auto Insurance Nevada

Auto Insurance provides protection to consumers bycompany will pay for the victim's damages up to your
assuming certain risks and paying for financial loss.policy limits.
The type of auto insurance bought will depend on howThe penalty for not having liability auto insurance is
the financial loss can occur. In Nevada, legal andsevere.
financial responsibility is based on the law ofIf you are found to be without auto insurance by a law
negligence. A negligent act which causes damage isenforcement officer, the penalty will be enforced by a
legally known as a Tort.court of jurisdiction and is generally more severe.
Financial responsibilityIf you do not carry auto insurance, and your motor
To make sure that innocent parties are respectivelyvehicle gets into an accident, your registration and
compensated for their injuries, Nevada auto insurancedriver's license may be revoked.
law requires that all registered owners of a motorYou may also be required to have an insurance
vehicle have security for Tort liability arising from thecompany certify that you have auto insurance. Most
use of their motor vehicles.auto insurance companies will charge you an additional
Auto insurance in Nevada law requires that thefee for this certification (commonly referred to as a
insurance policy must at least provide coverage in theSR-22) that you will have to maintain for a three-year
amount of $15,000 for bodily injury or death of oneperiod.
person in an accident, $30,000 for bodily injury or deathFinally, once you have gone without auto insurance for
of two or more persons in an accident, and $10,000 forany period of time you may find it difficult to find auto
injury or damage to the property of others. Thisinsurance you can afford. Many companies do not
coverage is generally described as 15/30/10. Wheninsure people who have not had insurance or have
you have liability coverage, your auto insuranceallowed their insurance to expire.