This office lease clause describes the allocation of risks. The parties desire to allocate certain risks of personal injury, bodily injury or property damage, and risks of loss of real or personal property by reason of fire, explosion or other casualty, and to provide for the responsibility for insuring those risks as permitted by law.
Montana No Fault Clause
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Multi-State
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US-OL25072
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FAQ
Is Montana a fault or no-fault state? Like most states, Montana is a ?fault? or ?tort? state for car accidents. That means the driver responsible for the accident is responsible for paying the damages (financial compensation) for injuries and property damage caused in the accident.
Liability insurance coverage protects you financially if you're responsible for someone else's injuries or property damage. Liability coverage comes standard with most vehicle and property insurance policies, including auto and homeowners insurance.
In a no-fault claim, the parties are not required to prove any party's blameworthiness to resolve the claim. In contrast, parties to a fault-based claim must prove a party was at fault to prevail on the claim.
All car owners in Montana are required by law to carry the following minimum levels of insurance: Bodily injury: $25,000 per person and $50,000 per accident. Property damage: $20,000 per accident. Uninsured/underinsured motorist: $25,000 per person and $50,000 per accident*
Montana Car Insurance Requirements The law in Montana requires all licensed vehicles to carry liability insurance. Liability insurance covers damage caused to the other driver in a car accident where you are found at fault. It covers both bodily and property damage in the amounts listed in the policy.
In short, the answer is no. Montana is actually a tort state ? also known as an at-fault state. In the United States, this is the most common form of liability law relating to fault and liability.
Minimum Bodily Injury Liability Limits $15,000 for the death or injury of any one person. If one person is injured in the accident, your coverage pays up to $15,000. A total of $30,000 for the death or injury of more than one person in any one accident.
Montana state law requires most motor vehicles registered and operated in the state to be covered by motor vehicle liability insurance.