what-does-100-300-50-represent-on-an-insurance-policy?

What does 100 300 50 represent on an insurance policy?

The numbers 100/300/50 represent your policy coverage limits. In the event of an accident, this is the most your insurance company will pay out per person, per accident.

The first set of numbers is the Per Person limit / The second set of numbers is the Maximum Per Accident / The third Set of numbers is the Maximum Property Damage Limit.

So if you have $100,000 worth of coverage on your policy, the insurance company will only pay out a maximum of $100,000 per person in an accident.

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