Question

Tell me what each of the highlighted dollar limits represent? $25,000/$50,000/$25,000, $25,000/$50,000/$25,000, $25,000/$50,000/$25,000

Considering the claimant vehicle's damage, how much can the driver of the vehicle claim receive from the insurance company for the following:

Claimant driver medical bills and injures $40,000

Claimant passenger medical bills and injuries $20,000

Claimant vehicle damage $67,000

Answer 1

The dollar limits represent the coverage amounts of an automobile insurance policy: $25,000 for bodily injury per person, $50,000 for total bodily injury per accident, and $25,000 for property damage per accident. The claimant driver can receive up to $25,000, the passenger can receive their full $20,000 claim, and $25,000 for vehicle damage as these are the maximum amounts covered under the respective limits of the policy.

Step-by-step explanation:

The highlighted dollar limits of $25,000/$50,000/$25,000 likely represent the maximum coverage amounts for liability insurance in an automobile insurance policy. This typically breaks down to $25,000 for bodily injury per person, $50,000 for total bodily injury per accident, and $25,000 for property damage per accident. Based on the limits provided and the claim amounts:

• For the claimant driver's medical bills and injuries of $40,000, they would be able to claim up to the per-person limit of $25,000.
• For the claimant passenger's medical bills and injuries of $20,000, they would be able to claim the full amount as it is within the per-person limit of $25,000.
• For claimant vehicle damage of $67,000, they would be able to claim up to the property damage limit of $25,000.

It should be noted that the total payout for bodily injury cannot exceed the per accident limit of $50,000, which means if there are multiple claimants, the amount may have to be split among them, and this could also limit the claim amounts for the driver and passenger if other injured parties are involved.