what does the liability model of 100/300/50 mean for auto insurance
- $100 premium $300 deductible $50 discount for automatic payment
- $100,000 per person bodily injury $300,000 per incident for bodily injury $50,000 for property damage
- $100 discount for good driver $300 forgiveness $50 discount for automatic payment
- $100,000 property damage $300,000 total per incident $50,000 bodily injury per person
The liability model of 100/300/50 means that for auto insurance coverage, the policy provides up to $100,000 for bodily injury per person, up to $300,000 for bodily injury per incident, and up to $50,000 for property damage.
In this scenario, there is also a $50 discount for automatic payment, which means that the insured will receive a discount on their premium if they set up automatic payments for their policy.
Additionally, there may be other discounts available such as a $100 discount for being a good driver and $300 forgiveness in case of an accident. These discounts can help lower the overall premium cost for the insured.
select the correct choice
The correct choice is:
- $100,000 per person bodily injury
- $300,000 per incident for bodily injury
- $50,000 for property damage