Bryon H. Short
The purpose of this amendment is to better protect the motorists of the State of Delaware by raising the minimum automobile bodily injury and property damage limits to reflect the current economic conditions. The minimum automobile liability limits have not been raised in the State of Delaware since July 19, 1983. Most motor vehicle policies sold in Delaware provide $10,000 for property damage coverage. Bodily injury insurance proceeds are frequently used to cover the cost of not only pain and suffering, but an injured person’s medical expenses and lost wages, which have increased since 1983. For example, $15,000 in 1983 is equivalent to $35,960.54 in 2016, based on the federal Consumer Price Index – Urban statistics for 1983 and 2016. In addition, $30,000 in 1983 is equivalent to $71,921.08 in 2016.
Passed By Senate. Votes: 20 YES 1 ABSENT
Signed by Governor
Reported Out of Committee (Banking, Business & Insurance) in Senate with 4 On Its Merits
Assigned to Banking, Business & Insurance Committee in Senate
Passed By House. Votes: 33 YES 5 NO 2 ABSENT
Amendment HA 1 to HB 114 - Introduced and Placed With Bill
Amendment HA 1 to HB 114 - Passed In House by Voice Vote
Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 8 On Its Merits
Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
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