If an auto policy has split limits of 30/50/25, what is the maximum amount the policy will pay for injuries to one person in a single accident?

Prepare for the Ohio Property and Casualty Exam with our study materials. Access flashcards and multiple choice questions with detailed explanations and hints. Ace your test with confidence!

The split limits of an auto policy indicate the maximum amounts the insurer will pay for specific types of coverage. In a split limit of 30/50/25, the first figure, which is 30, represents the maximum amount that the policy will pay for injuries to one individual in a single accident.

This means that if one person is injured in an accident, the insurance will cover up to $30,000 for that individual's medical expenses and related costs. The second figure, 50, signifies the total amount the insurer will pay for all injuries sustained by all individuals involved in the accident, which is up to $50,000. The third figure, 25, pertains to property damage coverage, indicating a maximum payout of $25,000 for damage to the property of others.

Thus, when assessing the maximum liability for an individual’s injuries in a single accident under this policy, the correct answer is $30,000.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy