Financial Responsibility - I.C. § 9-25-2-3

Requires insurance in the following amounts:

(1) $25,000 per person;

(2) $50,000 per accident; and

(3) $10,000 property coverage per accident.

UM/UIM Coverage I.C. § 27-7-5-2(a)

Requires insurers to offer UM/UIM coverage with every bodily injury liability policy of insurance in an amount not less than $50,000 or the limit of liability insurance, whichever is greater and can only be rejected in writing.

An uninsured motor vehicle is one without liability insurance or not otherwise with the financial responsibility requirements of such laws of this or another state or where the insurer is unable to make payments to the limit of liability due to insolvency.

An underinsured motor vehicle is one where the limits of coverage available for payment to the insured under all bodily injury liability policies covering persons liable to the insured are less than the limits of the insured’s underinsured motorist coverage.