What does 50/100 mean in insurance?
Understand the Problem
The question is asking for clarification on what the notation '50/100' signifies in the context of insurance policies, likely relating to coverage limits for liability or benefits.
Answer
$50,000 per person and $100,000 per accident
The final answer is $50,000 per person and $100,000 per accident
Answer for screen readers
The final answer is $50,000 per person and $100,000 per accident
More Information
A 50/100 insurance policy provides coverage of up to $50,000 for bodily injury per person and up to $100,000 per accident.
Tips
Make sure to understand the distinction between per person and per accident limits when choosing insurance coverage.
Sources
- What does 50/100 coverage mean? - wallethub.com
- Is 50/100 Insurance Enough? - WalletHub - wallethub.com
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