Bill > A5281

Introduced Session

This bill raises the minimum amounts of property damage liability, uninsured motorist, and underinsured motorist coverage for certain automobile insurance policies. Under this bill, the minimum amount of coverage for uninsured motorist and underinsured motorist coverage under a standard automobile insurance policy is raised to $50,000 for an accident causing bodily injury or death to a single person, $100,000 for an accident causing the injury or death of more than one person, and $25,000 for damage to property in an accident that does not involve hit and run motor vehicles. Additionally, this bill raises the minimum amount of liability coverage for property damage under a basic automobile insurance policy to $15,000 per accident.

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John Catalano (R)*, 

Introduced, Referred to Assembly Financial Institutions and Insurance Committee (on 01/27/2021)