## What do the liability numbers mean?

The numbers 10/20/10 on your auto insurance policy represent the monetary limits on your liability coverage. The second number, 20, stands for \$20,000. This is your maximum coverage for bodily injury liability for all persons injured in one accident. The third number, 10, stands for \$10,000.

## What are the 3 numbers in liability?

The three numbers are not as confusing as they might seem. The first number represents bodily injury per person, the second number represents bodily injury per occurrence, and the last number represents property damage per occurrence.

## What are the two numbers in liability insurance?

What the Numbers in Liability Insurance Mean. 1st Number: The maximum amount of bodily injury liability coverage per person. 2nd Number: The maximum amount of bodily injury liability coverage per accident. 3rd Number: The maximum amount of property damage liability coverage per accident.

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## What does is mean if the coverage limits are \$250000 /\$ 500000?

In auto insurance, liability limits are offered as a single limit or, as in your case, “split limits”. The \$250,000/\$500,000 allows a payment of up to \$250,000 per person for bodily injury and a total of \$500,000 per accident.

## What is the minimum liability coverage?

Each state sets a minimum for how much liability coverage a motorist must carry. For example, a state might require all drivers to have liability insurance that covers \$25,000 for injuries to one person, \$50,000 for injuries to multiple people, \$50,000 for death of one person, and \$10,000 for property damage1.

## What does 25k 50k 25k mean?

Answer. “The numbers you are referring to correspond to the limits of your liability car insurance. The first number is the maximum payout for bodily injury liability for one person injured in an accident. The second number refers to two injured parties.

## How much liability insurance do I need?

How much auto liability do you need? There are two types of auto liability insurance: bodily injury liability and property damage liability. Most experts recommend carrying at least \$300,000 in bodily injury per accident.

## What is a good bodily injury liability?

You should carry bodily-injury coverage of at least \$100,000 per person, and \$300,000 per accident, and property-damage coverage of \$50,000, or a minimum of \$300,000 on a single-limit policy. Raising your limits isn’t expensive: \$300,000 in coverage costs 20% more than \$100,000, on average.

## How do I find out my deductible?

A deductible can be either a specific dollar amount or a percentage of the total amount of insurance on a policy. The amount is established by the terms of your coverage and can be found on the declarations (or front) page of standard homeowners and auto insurance policies.

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## What happens if I have liability insurance and someone hits me?

If you only have liability insurance and were hit by another car, the at-fault driver’s liability insurance will pay for your injuries or property damage. Consequently, if you have liability-only insurance, you will need to pay out of pocket for your own bills if you cause an accident.

## What’s the difference between full coverage and liability?

What is liability insurance vs. full coverage? Liability insurance will cover damage to other vehicles or injuries to other people when you’re driving. Full-coverage policies do include liability insurance, but also additional protection to cover damage to your own vehicle.

## How does liability insurance protect?

Liability coverage pays for property damage and/or injuries to another person caused by an accident in which you’re at fault. This coverage is required by most states to legally drive your vehicle. Liability coverage is broken down into 2 parts: property damage and bodily injury.

## What means coverage limit?

An insurance coverage limit determines the maximum amount of money an insurance company will pay for a covered claim.

## What does it mean if the coverage limits are \$50000 /\$ 100000?

It means that for any one car wreck that is your fault your insurance company will pay a person injured in the wreck up to \$50,000 in losses and damages they suffer. If more than one person is injured in the wreck, the company will pay, on your behalf, up to \$100,000 but no more than \$50,000 for any one person.

## How do you interpret insurance policy limits?

These policy limits are the maximum amount an insurance company will pay per event. That means, if your homeowners’ insurance policy has a limit listed of \$300,000, then that is the maximum amount your insurer will pay towards any claims you may file up to that amount, for the term outlined in your policy.