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Question: Auto insurance quote question?

(Posted by: plaidsnow on 2008-11-12 21:20:28)

What does the 250/ 500/ 100 liability coverage on the premium policy mean? Here's the auto insurance quote: 1999 Honda Accord LX [ assume a 20 year old male with Good Student Discount and Accident - Free for 3 years] Quote: Premium with Comprehensive and Collision ($500 deductible) With Multicar and Multiline Discount 1999 HONDA ACCORD TERR:003 , AFD3YR, VSD2 RG:04 CL:5B GS - PREM BIPD 250/ 500/ 100 = $284.74 WITH P1 PIP P4 = $4.00 COMP $500 DED = $52.79 COLL $500 DED = $162.39 ERS = $2.60 R1 80 %/ 500 = $11.60 U 250/ 500 =$19.40 S 1 AT 5000 =$1.20 NEW PREMIUM =$538.72 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - If you can't read the above, then what's 250/ 500/ 100 liability coverage on a premium policy mean?

Posted by: Jinky O on 2008-11-13, 00:39:55

Liability: This is essentially claims made against you for bodily injury or property damage. "250/ 500/ 100 " is "split limit coverage ". Means 250 per limit person; 500 aggregate limit per incident, and 100 property damage.

Posted by: Sue on 2008-11-13, 03:19:23

250/ 500/ 100 means $250,000 per person bodily injury/ $500,000 per accident bodily injury and $100,000 property damage. This is liability which means damage you cause to others. So, if you have an at fault accident and there are injuries and property damage, your policy will pay up to $250,000 per person for their bodily injury no matter how many people are injured (it looks like you are in a PIP state which pays the medical bills so this would likely not include medical depending on the PIP limits). Your policy will pay up to $500,000 in bodily injury total per accident no matter how many people are injured. They will also pay up to $100,000 in property damage no matter how many vehicles are damaged (or building, pole, etc).