Coverage Works Auto insurers frequently market bodily injury coverage in terms of the maximum payouts it provides.
The two numbers that the insurer will pay toward bodily injury coverage for each person and each accident are frequently listed in policies.
“25/50,” for instance, refers to payment caps of $25,000 for each individual and $50,000 for each accident.
For instance, let’s say you have 25/50 bodily injury coverage and get into a car accident that kills four people in a family. For medical expenses, lost wages, and other related costs, your insurance will cover up to $25,000 per person.
However, even if each of the four injured parties has incurred $25,000 in medical expenses, your insurance will only cover up to $50,000 for this accident, leaving you responsible for the remaining $50,000.
Except for New Hampshire and Florida, drivers are required to carry a minimum amount of bodily liability insurance or pay a fee (along with property liability, which is frequently listed as a third number)23.
For instance, drivers in Virginia are required to either purchase bodily injury coverage or pay a $500 Uninsured Motor Vehicle Fee.
