Question

Which of the following expresses the meaning of an automobile policy limit of liability specified as 100/300/100?

1) B.I. per person/P.D. per occurrence/P.D. per person
2) P.D. per person/P.D. per occurrence/B.I. per person
3) B.I. per person/B.I. per occurrence/P.D. per occurrence
4) B.I. per person/P.D. per person/B.I. per occurrence

Answer 1

An automobile policy limit of liability of 100/300/100 means that the policy will pay up to $100,000 per person for bodily injury, up to $300,000 per occurrence for bodily injury, and up to $100,000 per occurrence for property damage.

Step-by-step explanation:

The automobile policy limit of liability specified as 100/300/100 means the following:

1. B.I. per person: $100,000
   
2. B.I. per occurrence: $300,000
   
3. P.D. per occurrence: $100,000

This means that the policy will pay up to $100,000 per person for bodily injury, up to $300,000 per occurrence for bodily injury, and up to $100,000 per occurrence for property damage.