Auto Insurance Policies 101: Liability Coverage

Auto Liability Insurance – Protects you and your assets if you cause an injury to others or damage the property of others with your vehicle. The standard insurance policy usually describes the amount of liability coverage you have as a series of three numbers, called split limits. Typically, these are the first series of numbers listed on an auto insurance policy and the most common coverage is offered as split limits. The standard auto insurance contract with split limit coverage may read: Coverage A Personal Liability 50,000/100,000/20,000 Bodily injury liability is the first two numbers. $50,000/$100,000 in this coverage example. … Continue reading