Common use of Excess Limits Clause in Contracts

Excess Limits. An insurer or agent cannot require you to purchase liability limits greater than the minimum limits required by law or require you to purchase other types of coverage as a condition of offering or renewing insurance. The current minimum limits are 30/60/25, which references the maximum amount the policy will pay for each accident: $30,000 per person for a bodily injury claim /$60,000 for all bodily injury claims combined /$25,000 for property damage claims per accident.