WebFeb 6, 2024 · $50,000 in bodily injury coverage per accident refers to the total amount your insurer will pay for all injuries that you cause in an accident if more than one person is hurt. $10,000 in property damage per accident is the maximum amount an insurance company will pay for damage that you cause in an at-fault accident. WebApr 12, 2024 · The most common minimum requirement is 25/50/25, but most experts recommend limits of at least 50/100/50 for bodily injury and property damage liability …
How Much Car Insurance Do You Really Need?
WebBoth the driver and the passenger of the struck car are injured. The driver suffers $70,000 in bodily injury, the passenger suffers $65,000 in bodily injury, and the vehicle Mark hit sustains $30,000 in damage. Mark has liability coverage with split limits of 50/100/25, and both injured people carry the minimum PIP for Florida. Weblimits of 100/300/50. John also has a PAP, and his liability limits 250/500/50. John had an accident while using Sophie's car and was found to be legally liable for $300,000 in bodily injury liability for injuries suffered by one person. How much will be paid by each policy? C) Sophie's policy will pay $100,000, John's policy will pay $200,000. fwks full form
What Does 250/500 Mean in Car Insurance? - Policygenius
WebFor example, say your per-person limit is $50,000. That means if one person is injured in a car accident, the most your bodily injury liability would pay for all of their medical … WebApr 13, 2024 · The 50/100 means the maximum payout per person injured in an accident you cause is $50,000 and the maximum payout for all people injured in one accident is … WebAug 21, 2024 · An example is 25,000/50,000, or as 25/50. It covers up to $25,000 per injured person and up to $50,000 per accident. If BI costs a total of $30,000 for one … glamrock freddy twerking gif