What does 50/100/50 represent?
Find answers to your legal question.
What does 50/100/50 represent?
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its for insurance need to know for my final for school
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Jackson N
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Liability coverage: $50,000 bodily injury limit per person / $100,000 bodily injury limit per accident / $50,000 property damage limit per accident. |
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calipink22
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The first two answers are correct but they are missing the big point - it's liability coverage that you carry that will cover OTHER people injured in an accident caused by you. It's not coverage for you or your vehicle. It's $50,000 per person, $100,000 per occurrence and $50,000 for property damage, paid out by your insurance company to another person |
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♥ Uwish ♥
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Those are the policy limits
The insurance will pay up to $50K for bodily injury to each person injured not to exceed $100K per claim.
The insurance will pay up to $50K in property damage. |
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