What does the 25/50 25 mean in insurance?
What does the 25/50 25 mean in insurance?
If you purchased a 25/50/25 auto insurance policy, that means you have $25,000 in coverage for bodily injury liability per person, $50,000 for bodily injury liability per accident, and $25,000 for property damage liability.
What does 50 100 25 mean on an auto insurance policy?
Numbers like 50/100/25 are the dollar limits (in thousands) for auto liability insurance coverage: The first number is the amount of Bodily Injury liability coverage you have for injuring or killing an individual in an accident.
How much PIP coverage should I get NJ?
The minimum amount of PIP coverage you need in New Jersey is $15,000, but you can purchase up to $250,000. If you have lower limits and suffer a severe brain or spinal injury, your limits may automatically jump up to $250,000 until you are stabilized.
How much PIP should I get in NJ?
| Basic policy | Standard policy |
|---|---|
| $15,000 per person, per accident | As low as $15,000 per person, per accident; as high as $250,000 or more |
| Up to $250,000 for certain injuries | Up to $250,000 for certain injuries |
What is the coverage of a 20 40 15 policy?
20/40/15 coverage: $20,000 for bodily injury per person per accident, $40,000 for bodily injury per accident, and $15,000 for property damage per accident.
What PIP coverage should I choose in NJ?
In order to protect yourself and your family, and to be able to receive the medical benefits you may need in a serious automobile accident, we strongly recommend that you purchase the $250,000 PIP coverage. It is the best medical coverage you can buy. We also recommend the minimum $250 deductible and 20% copay.
Does Medicare cover auto accident injuries in NJ?
Medicare does cover injuries sustained in a car accident in the same way it would if your accident-related injuries were suffered by other means.
