In Germany, the worst cost of a traffic accident caused by a car was equivalent to about $70,000,000. In Spain, a lorry driver killed about 340 people by accident (fuel truck drove into a full camping ground). What do you think is the cost if you hit an 18 year old who will spend the rest of his life in a wheelchair? To anyone outside the USA a $100,000 ...
Since we are in a "no-fault" state, is there any reason to increase this amount?
The "no-fault aspect" does not in any way reduce your liability when driving.
You would easily be sued for $1m or more due to your actions when driving.
The document you linked says:
You may be sued because of an accident, as was discussed in the
section on residual liability insurance. If this happens, your
no-fault policy will pay up to the amounts shown in the residual
However, courts sometimes award more than these amounts. If this
happens, you would be responsible for paying the ...