That’s insanely low! In Portugal the minimum required by law is 6.45 million for victims and 1.30 for property damage, per accident. A policy like this can cost as little as 250€ / year.
I assume these low limits in US insurance also affect material damages so that if you crash into an expensive car you just get a bunch of debt you need to pay off?
I assume these low limits in US insurance also affect material damages so that if you crash into an expensive car you just get a bunch of debt you need to pay off?