All states within the U.S. require that drivers carry vehicle insurance or meet some level of financial responsibility requirements. By signing up and making a parking reservation using Prked, you are stating that you have at least the minimum vehicle insurance coverage required by law in your state, or that you have met any alternative financial responsibility requirements laid out by your state for legal ownership and operation of the car that you are parking with.
The minimum coverage required under California law is:
1. $15,000 for injury or death to one person (another driver, passenger, pedestrian, etc.)
2. $30,000 for injury or death to more than one person
3. $5,000 for damage to property
For more information about insurance minimums and to see what your state requires, click here.