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    Trevor Toft
    Vice President, State Bank Agency,
    In Iowa you have two options. You may purchase liability insurance with a state minimum set at 20/40/15 or you may verify your assets and purchase a guarantee bond and register it with the state.  Most people see insurance premiums as much cheaper than paying liability out of pocket in an incident.  Talk with your local independent agent or send me an email and we can discuss your options further.
    Answered on January 30, 2014
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