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