The State of Idaho requires that anyone who registers an automobile in the State of Idaho have liability insurance. Liability insurance is required by law, but there are many other types of automobile insurance that should be considered; those include comprehensive, collision, uninsured and underinsured motorist coverage. Idaho law requires that someone who registers a vehicle to operate on the highways in Idaho carry a minimum of $25,000/$50,000 liability insurance. Liability insurance provides liability coverage for up to $25,000 for one injured person and a maximum of $50,000 for all persons injured in a single accident. However, some people in violation of the law do not carry automobile liability insurance and, therefore, it is prudent for those who operate automobiles on the highways to carry both uninsured motorist and underinsured motorist coverage. Uninsured motorist coverage pays only if the person that causes your injury through their negligence has no insurance. Underinsured coverage provides coverage to someone injured by the negligence of another if the other person’s insurance coverage is less than the underinsured motorist coverage carried by the injured person. For example, if Party A was injured by the negligence of Party B and Party B had $25,000 of insurance but Party A’s medical bills were $50,000, then if Party A had uninsured motorist coverage it would not help him because Party B had insurance. However, if Party A had underinsured motorist coverage with a policy limit of $50,000, he would be able to obtain another $25,000 from his own insurance company in addition to the $25,000 available from the insurance company of Party B who caused the injury. Comprehensive insurance is insurance to cover damages to a person’s automobile that might be caused by such things as hail or vandalism. Collision insurance would pay for the property damage to the policyholder’s car that occurs in a collision, even if the collision was caused by the negligence of the policyholder.
According to law of Idaho, life insurance pays to the named beneficiary the amount of the policy upon the death of the person whose life was insured.
There are several types of accident insurance in Idaho law, but typically it provides additional insurance coverage when the insured’s death is caused by an accident.
Health insurance, whether it is group or individual insurance, is intended to cover certain types of medical expenses incurred by an individual or that individual’s family if there is family coverage. There are many types of health insurance, with many different amounts of coverage, deductibles, etc.