The range of cost of life of an American is really wide and starts, as a rule, from 500 thousand dollars, reaching millions, in case a person earned such an amount during his lifetime. Today, the pricing estimate of "life and death" approach is complex and appreciates such factors as age, education, work and annual income.
The compensation amount to the families of the 9.11 victims from the US budget was calculated on the basis of these indicators and so-called "growth factor", defined by the economists a potential income increase as a result of moving up the career ladder. Relatives of Americans killed in the terrorist attack over ten years ago, received from 250 thousand to 7 million US dollars.
Life and health of every American soldier fighting in crisis spots around the world is insured by the Pentagon for 250 thousand. But it is possible to refuse from this insurance and receive a 10-dollar raise on a monthly basis. And by adding some of their own money the soldiers under the age of 35 can increase the insurance coverage to one million dollars.
Many Americans who live in the southern states, who often get under blow of nature, buy their life insurance against accidents and natural disasters on their own. Otherwise, no one will pay relatives for the lost lives of their loved ones. It was estimated that for a US citizen at the age of 20, such a policy would cost from 3 to 7 thousand dollars a year. Besides, it is well known that the American insurers suffer the lion share of their "losses", payments to the victims, in the second half of the year, when the hurricane season in the USA begins.
All motorcar drivers in America insure their responsibility and the possibility of bodily injury of other road users on a mandatory basis. The usual motor policy, the analogue of the Russian third-party liability cover, as a rule, provides for the liability limits of the insurance company to pay to victims who lost their life or health in an accident, in the amount from 25 to 50 thousand US dollars.
In case of insured event on land, water or air, leading to injury or death of an insured American, payments are automatically made by insurance companies. If relatives do not agree with the amount or terms of payment, they hire lawyers specializing in insurance matters, whom are a great many in the United States, and go to court.
Photo per website: arnnewscentre.ae