What does 100 300 insurance coverage mean?

Answer 1

They are talking about liability limits. A lot of companies write a "split" limit policy meaning there is a difference between the per person and total payout. i.e., in California the Minimum limits are $15,000 per person/$30,000 per accident. When they say 100/300, they mean $100,000 per person bodily injury/ $300,000 per accident bodily injury.