9 people found this helpful. The commercialization process allowed us all to see that our thousands of man hours had not been spent in vain, and our product would soon be available to the people we created it for. 4 people found this helpful.
But with liability law suits on the rise and attorneys seeking larger awards, the risk is very real. Most home insurance policies cover only liability claims up to $300,000 for personal liability and most automobile policies provide up to $250,000 per person and $500,000 per accident for bodily injury. Amounts for claims covered by property damage are lower, typically around $100,000.
Underinsured Motorist Coverage. Oregon requires that drivers carry a minimum of $25,000 in underinsured motorist coverage. This coverage is enacted if you have a personal injury claim that is worth more than the at-fault driverâs insurance coverage and your recovery from teh at-fault driver is less than your own underinsured motorist limits. Unfortunately, in Oregon underinsured motorist coverage does not âstack. In other words, if you have a personal injury claim against a driver with the same insurance coverage as your own underinsured coverage, you do not receive any benefits unless those liability limits are partially or entirely paid to someone else.