What does 25/50 10 mean in automobile liability insurance?

What does 25/50 10 mean in automobile liability insurance?

What does 25/50 10 mean in automobile liability insurance?

For example, an insurance policy with split limits of 25/50/10 means $25,000 is the maximum amount payable by the policy for the bodily injury per person; $50,000 is the maximum payable by the policy per accident; the third number deals with property damage, which is discussed below.

What do policy limits of 25 50 25 mean?

The numbers on your auto insurance policy represent your coverage limits. This is the maximum amount that your insurer will pay out for a claim. The numbers 25/50/25 indicate: $25,000 bodily injury liability per person, $50,000 bodily injury liability per accident, and $25,000 property damage liability per accident.

Is Insurance Group 25 high?

Cars in insurance group 25 lead to mid-range insurance premiums. You would therefore need, before picking a car from insurance category 25, to arbitrate between the model you want to drive and the insurance bills you are willing to pay at the end of the month.

What is a 25 50 insurance policy?

So, for example, if you are quoted a 25/50 limit for bodily injury, it means that the insurance policy will cover up to a maximum of $25,000 per person injured in an accident and a total of $50,000 in claims for a single accident.

Can you sue for more than insurance limits?

Unfortunately, you cannot make an insurance company pay beyond its policy limit. You do, however, have the right to sue the at-fault driver for more than the value of his or her insurance policy. In most cases, your lawyer will pursue compensation for you through negotiations with the insurance company.

Is 25k 50k 25k full coverage?

The first number 25 stands for $25,000. This is you maximum coverage for bodily injury liability for one person injured in one accident or incident. The second one number 50 stands for $50,000. This is your maximum coverage for property damage liability in an accident that you caused.

What is the maximum amount of 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.

What happens if medical bills exceed policy limits?

If your medical bills exceed the defendant’s auto policy limit, the defendant is still legally liable for the full amount of your damages. Also, if your medical bills still exceed the defendant’s auto policy limits, you can look to your own uninsured and underinsured motorist policy, or your health insurance.