# What is the first 10 20 10 mean in insurance?

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## What do the numbers on insurance mean?

Reading auto insurance numbers is easy, the numbers 25/50/10 define the insurance coverage limits. The first number refers to the bodily injury for one person, the second is for bodily injury liability for all persons and the third is for property liability damage. Many states mandate these three types of coverages.

## What are the 3 numbers in auto insurance?

The first number represents bodily injury per person, the second number represents bodily injury per occurrence, and the last number represents property damage per occurrence. By adding three zeroes to the end of each number, policyholders will have the amount of their coverage.

## What does 25 50 15 Mean on an auto insurance policy?

So, for example, if you own a 25/50/15 policy the “25” means that your carrier will pay out up to \$25,000 for each person injured in an accident that was your fault. … The 25/50/15 policy-holder is covered up to \$15,000 for damaged property in an at-fault accident.

## What does 50 100 20 represent in an insurance policy?

The numbers 50/100/20 represent your policy coverage limits. If you have this amount of car insurance coverage, your insurance company will pay for \$50,000 in bodily injury liability per person, \$100,000 in bodily injury liability per accident, and \$20,000 in property damage liability.

## What is a 10 20 policy?

Ten/twenty means there is \$10k of coverage to pay each person in an accident. There is also a combined total of \$20k of coverage. The first number, 10, is the maximum any one person can recover. So, the second number, 20, is the total amount available no matter how many people make a claim.

## How do you read an insurance policy?

How to Read an Insurance Policy

1. 1) Ascertain who qualifies as an insured. …
2. 2) Confirm all forms and endorsements are included. …
3. 3) Annotate the policy form. …
4. 4) Read the insuring agreement first. …
5. 5) Read the exclusions. …
6. 6) Read the exceptions to the exclusions.

## What is 100k 300k 50k insurance?

Having a 100/300/50 auto insurance policy means you have \$100,000 in coverage for bodily injury liability per person, \$300,000 for bodily injury liability per accident, and \$50,000 for property damage liability.

## What is a 20 40 insurance policy?

“20” is the limit that your carrier will pay for bodily injury to one person per accident. This means that if you hurt somebody with your vehicle, your insurance will pay that person\$20,000 for their medical bills. “40” is the limit that your carrier will pay for all people injured in an accident.

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## How do insurance numbers work?

Most new cars are assigned to an insurance group – a rating between 1 and 50* that indicates the level of risk as seen by the insurers. … Insurers take many factors into account when setting premiums but with all else being equal, the lower the group number the lower the insurance premium should be.

## What do the numbers 20 40 10 refer to in an auto insurance policy?

What is 20/40/10 Auto Insurance? … This means if you injure someone with your vehicle, your auto insurance carrier will pay that injured person \$20,000 for their medical bills. This number represents the maximum amount of liability protection for bodily injury for one person per accident.

## What do the numbers in 50 100 25 auto insurance mean?

Numbers like 50/100/25 are the dollar limits (in thousands) for auto liability insurance coverage: … The second number is also for Bodily Injury, but it represents the total coverage for all injuries or deaths in an accident. The third number is the amount of Property Damage liability coverage you have.

## What does 100k 300k 100k mean?

You should have at least 100,000/300,000/100,000 split limit coverage. That means: \$100,000 of coverage per person in an auto accident, \$300,000 of coverage altogether for injuries in an auto accident. \$100,000 of coverage for property damage to other people’s vehicles.