What do each number on the policy limits of 50/100/25 on an automobile insurance policy mean?

Expert Solution

Answer:

At first look this sounds like a lot of cash, however inclusion of 50/100/100 is never enough. The real damage risk inclusion must most likely spread doctor's visit expenses, claims, and even loss of pay for that person.

Hospital expenses alone can immediately surpass $100,000, and in our sue-upbeat culture, claims are normal.

When taking a gander at an auto strategy's obligation inclusion, there are three numbers to take a gander at.

1. The number, in this model 50, implies you have $50,000 toward damage to every person.

2. The number, 100, implies you have $100,000 most extreme obligation inclusion for the mishap

3. The number 25 means that your carrier will pay out up to $25,000 for each person injured in an accident that was your fault.

ekkarill92 answered 2 years ago

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