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Insurance Policy Numbers

Q: What do the numbers 100/300/50 mean on my insurance policy?

A: These numbers indicate the amount of money the insurance company will pay out if you are at fault in an accident. The first number (100) indicates that this policy would have $100,000 bodily injury coverage per person. The second number (300) indicates that the policy would have a limit of $300,000 bodily injury per accident. The last number (50) sets the property damage limit at $50,000.