What does 15 30 5 mean in the auto insurance?

What does 15 30 5 mean in the auto insurance?

Minimum liability limits of 15/30/5 means the insurance company will provide bodily injury liability coverage up to $15,000 per person injured in any one accident, $30,000 for all persons injured in any one accident, and up to $5,000 for property damages in any one accident.

What does a 15 30 insurance policy mean?

15/30/5 liability coverage will pay up to $15,000 of bodily liability damages incurred by pedestrians or people in another vehicle, with a maximum of $30,000 payable in total to all people in any single accident. This is sometimes also called “15/30” insurance.

What do the numbers in 25 50 25 auto insurance mean?

So if you see 25/50/25 on your policy, for example, you’d have $25,000 worth of bodily injury coverage per person, $50,000 worth of bodily injury coverage per accident (in case more than one person is injured), and $25,000 of property damage coverage.

What does 25 50 15 on your auto policy indicate?

The 25/50/15 policy-holder is covered up to $15,000 for damaged property in an at-fault accident. In most cases the property is the car(s) of the other driver(s) or a home if your vehicle somehow jumps the curb.

Does bodily injury include death?

The ISO CGL states that bodily injury means “bodily injury, sickness, or disease sustained by a person, including death resulting from any of these at any time.”1 Bodily injury includes illness and disease as well as physical injury. It also includes death if death results from bodily injury, sickness, or disease.

What does 30000 each accident mean?

These limits are usually stated as “Per Person/Per Accident” amount and are found on the Declarations page of the policy. For example, if you have $30,000/$60,000 coverage, the company will pay a maximum of $30,000 to each person who sustained damage in your accident, up to a maximum of $60,000 for the accident.

What does 25k 50k 25k mean?

Sophie Newman. Answered on Nov 26, 2021. 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.

What is the coverage of a 20 40 15 policy?

20/40/15 coverage: $20,000 for bodily injury per person per accident, $40,000 for bodily injury per accident, and $15,000 for property damage per accident.

Is mental trauma considered bodily injury?

“Bodily Injury” means bodily injury, sickness, disease, disability, shock, mental anguish, mental injury and humiliation, including resulting death.

What’s the difference between personal injury and bodily injury?

Bodily injury typically refers to a type of liability insurance coverage that can protect you if you injure someone else in an accident, whereas personal injury refers to a type of civil action against the party responsible for your damages.

What’s the best bodily injury coverage?

The best liability coverage for most drivers is 100/300/100, which is $100,000 per person, $300,000 per accident in bodily injury liability and $100,000 per accident in property damage liability. You want to have full protection if you cause a significant amount of damage in an at-fault accident.