The Motley Fool

JANUARY 17, 2024

Injury liability coverage One of the perks of having a home gym is you can invite friends over and work out together. Before you send out the invites, however, make sure you have some type of injury liability coverage in your homeowners or renters insurance. We're all certain our friends would never sue us -- until they do.

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The Motley Fool

JULY 25, 2024

that didn't require their drivers to carry a minimum amount of liability insurance to protect others on the road. But that didn't mean drivers avoided liability for their actions behind the wheel altogether. Image source: Getty Images For years, New Hampshire and Virginia were the only two states in the U.S.

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The Motley Fool

JULY 14, 2024

Of course, both kinds of accounts are allowed to grow without incurring any tax liabilities as they do. The answer is simple: I'm just trying to minimize my total tax liability at a time when I'm subject to the most taxation. There are limitations. Still, the question remains. Tax brackets and tax rates are always changing, after all.

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The Motley Fool

MAY 27, 2024

Image source: Getty Images Buying a general liability insurance policy is a simple, must-have way to protect your business and personal finances. Small business general liability insurance can protect you from this situation. If you have a product liability insurance policy, your insurance company can help.

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The Motley Fool

FEBRUARY 18, 2024

See, most states only mandate liability coverage, which pays for losses for others, and sometimes personal injury protection (PIP) coverage that pays for minor medical bills and lost wages for the policyholder in any accident regardless of who was to blame. Buying only this minimum coverage is relatively cheap.

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The Motley Fool

MARCH 23, 2024

For example, the average cost of a liability-only car insurance policy is $787, while the average cost of a comprehensive policy is $3,296 per year. It would be cheaper to buy liability-only coverage.

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The Motley Fool

JANUARY 16, 2024

Don't forget liability if working out with friends We all like to think we'd ever end up in legal trouble with a former friend. Personal injury liability coverage can help pay for the medical bills should someone wind up injured on your property. Make sure you read through any fine print on your liability coverage carefully.

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The Motley Fool

JUNE 14, 2024

Net worth is a measure of a person's wealth that looks at the value of the assets they hold and the total balance of any liabilities. Liabilities could include your mortgage, credit card debt, or unpaid medical bills. Liabilities could include your mortgage, credit card debt, or unpaid medical bills.

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Financial Times M&A

DECEMBER 14, 2023

Rumoured £5bn for UK insurer would exceed company’s book value

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The Motley Fool

FEBRUARY 28, 2024

Most states (48 out of 50) require minimum car insurance Unless you live in Virginia or New Hampshire, your state will require you to have a minimum amount of auto liability insurance coverage. A common state standard: 25/50/25 liability insurance Different states have different specific requirements for auto liability insurance.

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The Motley Fool

MAY 11, 2024

Your net worth is essentially a personal balance sheet, accounting for all of your financial assets and liabilities. Then, subtract your liabilities -- such as student loans, a mortgage, and any other debts. While your net worth isn't everything, it can help gauge whether you're making financial progress over time.

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The Motley Fool

APRIL 6, 2024

Almost every state requires liability insurance, but many don't mandate much, if any, coverage beyond that. It's possible to comply with the law in some places with as little as $15,000 per person and $30,000 per accident in bodily injury liability coverage. See, states usually don't require large policy limits.

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The Motley Fool

MAY 3, 2024

Chances are you need liability insurance, plus enough coverage to cover the most likely bad scenarios. Drivers need liability insurance Most states require drivers to have liability insurance. Liability insurance covers damage to the other driver and property when you're found to be responsible for an accident.

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The Motley Fool

JANUARY 6, 2024

Without an insurance policy that will cover damage and liability issues, you could be at risk of a financial disaster. That's because most states have laws requiring that rental car companies provide a minimum amount of liability insurance. You'll be covered by that liability insurance, even if you don't have insurance of your own.

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The Motley Fool

MARCH 4, 2024

2 Coverages Coverages Selected Premium by Coverage Coverages Selected Premium by Coverage Bodily Injury Liability $250,000/$500,000 $59.00 $250,000/$500,000 $61.97 Property Damage Liability $100,000 $70.06 $100,000 $72.13 I like to have the highest possible amount of liability coverage, in case of worst-case scenario car crashes.

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The Motley Fool

MAY 5, 2024

To calculate your net worth , you add up all of your financial assets -- cash savings, retirement accounts, other investments, your home value, and any other property -- and subtract any liabilities -- your mortgage balance, student loans, credit card balances, and any other debt you might owe.

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The Motley Fool

JANUARY 5, 2024

If you have a skimpy amount of car insurance coverage, you risk massive financial losses and legal liabilities. Liability insurance: Must-have (and required by law) Liability insurance is a must-have, because it protects you in case of an accident that is your fault. But don't cut your car insurance budget too far.

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The Motley Fool

JULY 20, 2024

This is listed as a liability on its balance sheet. Why a liability? Therefore, it's a liability. The company then holds that cash until the cruise happens. Well, the money doesn't belong to Royal Caribbean until its customers set sail. And if its customers cancel beforehand, the company needs to return the money.

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The Motley Fool

DECEMBER 7, 2023

In some cases, drivers only need to buy liability insurance and only buy around $15,000 or $25,000 per person and $30,000 or $50,000 per accident in coverage. Depending on the insurer, this could cost anywhere from around $6 to $27 per month extra on top of other auto insurance premiums.

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The Motley Fool

MARCH 16, 2024

Read more: check out our picks for the best car insurance companies Once you know how much your vehicle is worth, speak with an insurance agent about whether liability coverage makes more sense in your case. Liability insurance will pay to repair the other driver's car if you cause an accident, but it will not pay to repair your vehicle.

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The Motley Fool

SEPTEMBER 3, 2023

Usually, you're only required to buy bodily injury and property damage liability coverage, although some locations impose additional requirements such as personal injury protection or uninsured motorist coverage. Buying more than the minimum amount of protection that my lender or state requires means I pay higher premiums.

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The Motley Fool

JULY 3, 2024

And Progressive says that liability-only RV policies start at just $125 per year. per month for a liability-only policy. That's because motorhomes are actually driven, so they need liability coverage. That's $47.75 By contrast, Progressive puts the average auto insurance premium for a regular vehicle at $79.83 to $157.27

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The Motley Fool

JULY 19, 2023

Frontier, which is smaller, presumably has a lower degree of exposure to lead liability risk. Oppenheimer asserts the total liability is probably only in the $2 billion to $20 billion range -- and points out that the two companies have already taken a combined $30 billion hit to their market capitalizations.

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The Motley Fool

MAY 23, 2024

The problem with RMDs is twofold: First, they create a tax liability because the sum you're forced to remove from your account is taxable income. Even if you did, they wouldn't create a tax liability for you since Roth IRA withdrawals are tax-free. With a Roth IRA, you don't have to take RMDs at all.

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The Motley Fool

MAY 23, 2024

Usually, your coverage limits for this are tied to your bodily injury liability coverage limits. It pays for your medical bills if you're injured by a driver who lacks insurance or one who doesn't have enough insurance to cover the full cost of the damages.

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The Motley Fool

DECEMBER 3, 2023

Model % More Expensive than Base (Liability) % More Expensive than Base (Comprehensive) % More Expensive than Base (Collision) Ford F-150 (Baseline) - - - Ford F-150 Lightning (5%) 98% 24% Ford F-150 Hybrid (1) 1% 76% 24% Ford F-150 Hybrid (2) 1% 98% 45% Source: Progressive.com. according to Car and Driver. Color me surprised.

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The Motley Fool

FEBRUARY 12, 2024

At a minimum, they usually need bodily injury and property damage liability coverage to protect others on the road. In some states, the amount of uninsured motorist coverage a driver chooses must equal their liability coverage limits while other states enable policyholders to choose how much coverage they want for each.

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The Motley Fool

JULY 17, 2023

What wasn't quantified was any lead contamination levels, liability for either company, or what the mitigation might be. Morningstar said that they believe any liability would be very limited because the telecom industry has put best practices in place to protect workers from lead poisoning.

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The Motley Fool

DECEMBER 15, 2023

Its total liabilities as of the end of September total just $359 million. With loads of cash and not much in liabilities to worry about, that could make the stock a highly attractive acquisition target. What's also attractive about CRISPR is that it has minimal debt on its books and lots of cash.

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The Motley Fool

JUNE 15, 2024

Accidents happen -- liability insurance can help One of the first types of insurance that every business should get is a small business general liability insurance policy. Small business liability insurance can help defend you in court and protect your company, and your life savings, from a disastrous lawsuit.

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The Motley Fool

JUNE 17, 2023

General liability insurance As its name suggests, general liability insurance covers a wide range of liability situations that you may face as a business owner. Keep in mind that liability insurance covers damage done to third parties, not to you (the "first party").

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The Motley Fool

SEPTEMBER 2, 2023

billion in the coming years to settle most of its claims, 3M has the cash flow and balance sheet strength to cover this liability. 3M's improving cash flow and much clearer legal liabilities could give the company the confidence to continue increasing its dividend in the future. While it has agreed to pay $18.5 It produced $2.4

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The Motley Fool

MARCH 2, 2024

I maintain liability coverage with limits of $100,000 per person, $300,000 per accident, and $100,000 in property damage per accident (100/300/100), which is what experts recommend. Notice that I still have high liability coverage.

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The Motley Fool

MAY 7, 2024

If you choose to formalize the partnership, consider setting up your business as a limited partnership (LP) or a limited liability partnership (LLP). An LP is when only one general partner has unlimited liability, while other partners have limited liability.

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The Motley Fool

NOVEMBER 10, 2023

Well, the company is still reeling from its potential liability in this summer's wildfire, which was the fifth-deadliest wildfire in U.S. In the aftermath, it was found Hawaiian Electric may have some culpability and therefore liability for the tragedy, and the stock plunged by about 75% in the immediate aftermath.

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The Motley Fool

AUGUST 28, 2023

Here are the differences by generation when it comes to assets and liabilities. Liabilities by generation Americans have over $18 trillion in total debt. The largest liability across all generations continues to be mortgage loans , making up close to 70% of all liabilities. Trillion $4.99 Trillion $6.96 Trillion $5.62

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The Motley Fool

MAY 29, 2024

If you're not retired yet, don't rule out the possibility of moving to one of these states in the future if you'd like to minimize your tax liability. Something to think about Just remember that while several states offer some sort of tax relief to retirees , everyone's top tax liability remains federal taxes.

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