What are the limits of Norris's personal automobile policy (PAP) liability coverage?

In personal automobile policies (PAP), liability coverage often has limits expressed in a series of numbers that indicate the maximum amount an insurer will pay for various types of claims resulting from an accident. These limits are typically illustrated in a format such as X/Y/Z, where:

• X denotes the maximum payment for bodily injury per person.
• Y denotes the maximum payment for total bodily injury per accident.

• Z denotes the maximum payment for property damage per accident.

The answer provided indicates limits of 50/100/50. This means the policy will cover up to $50,000 for bodily injury per person, up to $100,000 for total bodily injury per accident, and up to $50,000 for property damage. These limits are significant as they reflect a higher level of liability coverage, which can be crucial in protecting the insured from significant financial loss in the event of a serious accident.

Understanding these limits is essential for adjusters as they assess claims and advise clients on their coverage options. A higher limit can provide greater peace of mind and financial security in the event of catastrophic accidents.