Bill > SB1289

This bill increases motor vehicle liability coverage requirements in Missouri by raising the minimum insurance coverage amounts for bodily injury and property damage. Specifically, the bill changes the existing proof of financial responsibility requirements from $25,000 to $50,000 for bodily injury to one person, from $50,000 to $100,000 for bodily injury to two or more persons in a single accident, and from $25,000 to $50,000 for property damage in a single accident. The bill modifies sections of Missouri Revised Statutes related to motor vehicle insurance, updating definitions and coverage requirements for motor vehicle liability policies. These changes effectively double the minimum insurance coverage amounts that drivers must carry, which aims to provide greater financial protection for victims of motor vehicle accidents by ensuring higher potential compensation in the event of injury or property damage. The bill applies to owner's and operator's liability insurance policies and maintains existing provisions about policy cancellation, settlement, and other insurance-related details while updating the financial liability limits.

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https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=463