A liability responsibility coverage has a bodily harm restriction of 50,000 and an assets harm restriction of 25,000. The type of restriction does this coverage have $50,000.
Liability insurance covers damage you motive to another character or their property in an at-fault accident. the first two numbers in a legal responsibility policy (25/50) represent your bodily harm legal responsibility coverage limits. The 1/3 wide variety (25) represents your property harm liability insurance restriction.
Whilst we have a $1 million liability coverage policy, it means that our insurance will pay as much as $1 million in damages for a covered loss. Any additional charges past this amount will want to be paid by way of us.
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