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

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

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

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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Liabilities Legal Professional Services Financing 246

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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Liabilities Legal Assets Accounting 241

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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Financial Times M&A

DECEMBER 14, 2023

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

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Liabilities Assets 78

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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Liabilities Financial Services Banks Financing 130

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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Liabilities Financing Finance Companies 242

The Motley Fool

MAY 6, 2024

If it doesn't, you could be opening yourself up to a world of liability that you don't want. As of the latest information, AirCover provides up to $1 million in liability coverage and $3 million in damage protection. For example, let's say that you own a vacation rental and your liability limit is $500,000.

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Liabilities Assets Companies Investing 130

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.

Liabilities 242

Liabilities Education Accounting Companies 242

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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Liabilities Legal Companies 130

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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Liabilities Legal Banks Accounting 130

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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Liabilities Banks Assets Accounting 233

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.

Liabilities 246

Liabilities Companies Funds 246

The Motley Fool

APRIL 26, 2024

Those with both types of savings can strategically withdraw cash from each to limit their tax liability. Those with extra cash in retirement can use this to their advantage to reduce their tax liability -- perhaps even dropping themselves into a lower tax bracket.

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Taxes Liabilities Accounting Funds 246

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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Liabilities Assets Investors Capital 244

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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Liabilities Returns Investing Investors 246

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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Liabilities Companies 237

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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Liabilities Taxes Financing Finance 195

The Motley Fool

MAY 7, 2024

Rules and regulations often require companies or individuals to hold insurance policies on cars, homes, businesses, or other liabilities. The company covers policies that traditional insurers don't, such as small business casualty, professional liability, aviation, and recall products.

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Liabilities Capital Debt Portfolios 130

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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Liabilities Debt Portfolios Returns 246

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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Liabilities Best Practices Assets Shareholders 189

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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Liabilities Legal Consultants Consulting 130

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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Legal Liabilities Leveraging Companies 245

The Motley Fool

MARCH 16, 2024

And its total liabilities were just $20 million. For a possible buyer, they would not only benefit from acquiring an exciting asset in VK2735, but they would get plenty of cash and not much in the way of debt or liabilities. As of the end of last year, Viking had more than $362 million in cash and short-term investments on its books.

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Liabilities Prospects Shareholders Assets 246

The Motley Fool

MARCH 3, 2024

federal government is now threatening to sue BHE's Pacificorp for $1 billion for its potential liability in the 2020 wildfires in Northern California and Oregon. With a limited upside and huge potential liability, why would investors want to own utilities? The lawsuit is to recover costs to state fire departments and the U.S.

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Liabilities Conglomerates Depreciation Capital 246

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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Liabilities Funds Stock Market Stock Market 189

The Motley Fool

MARCH 5, 2024

In most states, drivers are only required to buy a relatively small amount of liability coverage. And liability policies only pay for losses the policyholder causes to others -- and only up to the maximum limit on the policy.

Liabilities 130

Liabilities Banks Assets Accounting 130

The Motley Fool

MARCH 4, 2024

Liability coverage is another area where it's not a good idea to go with the cheapest option. You may be able to get away with $30,000 in liability coverage to satisfy your state's legal requirements. If you have a new car, you should get full coverage. You wouldn't want to be stuck paying out of pocket if it gets totaled or stolen.

Liabilities 242

Liabilities Legal Companies Funds 242

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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Mutual Funds Liabilities Assets Debt 130

The Motley Fool

APRIL 4, 2024

Basically, in most states, the only coverage most people are required to buy is liability insurance. And states also typically set pretty low limits for the amount of liability insurance required. This pays for damage the policyholder causes others, but none of the policyholder's own damages.

Liabilities 100

Liabilities Assets Financing Finance 100

The Motley Fool

MAY 2, 2024

This means you'll be able to zoom out and see your total revenue and expenses over the past few quarters, view projected tax liabilities, and generate financial reports about your business. You'll want to find software that easily integrates with your bank and e-commerce accounts (if you have them) and helps you manage your tax liabilities.

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The Motley Fool

DECEMBER 2, 2023

In fact, depending on the state, drivers may be able to get away with having just $15,000 per person and $30,000 per incident in bodily injury liability coverage. It's true that it is cheaper not to buy a ton of liability protection, but that's only if nothing goes wrong.

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The Motley Fool

AUGUST 30, 2023

The legal picture is getting a lot clearer Despite the company's financial strength, there has been a lot of uncertainty about whether it could handle its legal liabilities while continuing to pay dividends at the current level. However, 3M's future legal liabilities have become clearer this year. per share in 2023.

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The Motley Fool

JULY 24, 2023

But typically, state minimum coverage includes at least: $25,000 of bodily injury liability coverage per person $50,000 of bodily injury liability coverage per accident $25,000 of property damage liability coverage These are designed to protect other drivers if the policyholder causes an accident.

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Liabilities Legal Debt Companies 130

The Motley Fool

FEBRUARY 23, 2024

The company's reported profit was also impacted by a one-time tax liability. On a reported basis, net profit was flat due to the tax liability charge, but adjusted operating income improved by 78% to $572 million. As a result, the stock was trading down 12.9% as of 10:31 a.m. Image source: Getty Images.

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