What does 50 100 mean in insurance?
Understand the Problem
The question is asking for the meaning of the terms '50 100' in the context of insurance, likely referencing liability coverage limits.
Answer
$50,000 in bodily injury liability per person and $100,000 total per accident.
The final answer is $50,000 in bodily injury liability per person and $100,000 total per accident.
Answer for screen readers
The final answer is $50,000 in bodily injury liability per person and $100,000 total per accident.
More Information
In a 50/100 insurance policy, the first number indicates the maximum amount covered per person for bodily injury, and the second number indicates the total maximum amount covered per accident.
Tips
Common mistakes include misunderstanding the per person vs. per accident limits. Always ensure you know the limits to avoid being underinsured.
Sources
- What Does 50/100 Mean on an Insurance Policy? - WalletHub - wallethub.com
- What Is 100/300/50 Insurance? - Squeeze - squeeze.com
- Auto Insurance Basics - United Policyholders - uphelp.org
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