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| statutory limit insurance
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| If you do not purchase the optional statutory limit insurance (SLI),
you (alias the "renter") and the other authorized drivers of the
vendor's (alias the "company's" or "lessor's", e.g. Road Bear RV's) rental vehicle
will be covered to each USA and Canada state's and territory's and province's
minimum amount of legal liability (i.e. relative to "third-party" bodily and property damage), while the vendor itself will
be covered — again, liability-wise — with up to US$1,000,000 per accident.
If, on the other hand, you do purchase the optional SLI, you and any other
authorized driver of your rental vehicle will be covered
liability-wise to the same extent as the vendor itself. Note, we are
not refering here to the collision and comprehensive (this latter being relative to hail, natural
disaster, vandalism, theft of vehicle) insurance, which concerns damage to
your rental vehicle and features a deductible (alias "excess") per accident/incident.
The following is a list of the various relevant state, territory and province
liability minimums. In each case the applicable law expresses these minimums
in terms of split limits. For example, a reading of "25/50/10" means
that the law requires that the insurance provide at least $25,000 for
bodily injury to each person, $50,000 for the sum of bodily injuries,
and $10,000 for property damage, per accident. Certain of these laws
alternatively determine a combined single limit (CSL). For instance, a reading of
"15/30/10 or 40" signifies that an insurance policy with a CSL
of $40,000 is minimally satisfactory; such limit means the
insurance will pay up to $40,000 for all bodily injury and property
damage consequent of each accident. The limits for the Canadian
provinces are expressed as such singular limits only.
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