Federal or CA state law regarding required coverage for a financed vehicle?
Find it from an auto insurance person. California Law requires all motor vehicle owners to have insurance which provides Bodily Injury Coverage and Property Damage Coverage. In the State of California the required minimum coverage for bodily injury is $15,000 per person injured in any one accident and $30,000 for all persons injured in any one accident. The required minimum coverage for property damage is $5,000 for injury to or the destruction of property of others in any one accident. Optional insurance may include Uninsured Motorist Coverage. If the policy holder makes this choice, the actual coverage purchased must be at least the amount of the required Bodily Injury Coverage. If the policy holder purchases more than the required amount of Bodily Injury Coverage, Underinsured Motorist Coverage may then be purchased in a lesser amount. The State of California does not require insurance companies to provide Uninsured Motorist Coverage in any amount greater than $30,000 per personal i
