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.
Liability auto insurance protects you from judgments against you in the event that you cause damage with your vehicle. In Nebraska, it usually appears represented in this way: 100/300/100. In that representation, 100 refers to $100,000 worth of coverage per person for Bodily Injury caused by your negligence, 300 refers to the aggregate per claim limit of $300,000 in Bodily Injury caused by your negligence, and the final 100 refers to $100,000 worth of coverage for property damage per accident as a result of your negligence.
If you mean 100 times 300 then it is 30,000
they make 100 million-300 million
It depends on your policy. Your liability coverage for an accident that doesn't involve your car is a million because of that umbrella policy. For an automobile accident, your total coverage is probably 1.3 million, but might be less because of an exclusion in either policy about duplicate coverage. That's not a common exclusion, though it is possible. It depends upon your policy. You should have received a copy of your policy when you paid for your coverage. If you don't have a copy, or don't understand it, call your agent or insurance company.
Yes most of the time you can unless your Dealership specifically states that you cant. Most leased vehicles you have a "manditory" coverage. You just have to make sure you apply storage insurance with that coverage. Could be something like this 5,000,000 liability 300 collision / comprehensive replacement insurance
It means: CCC = 100+100+100 = 300
If it is a purchase, they will require you to have comprehensive and collision coverage. Usually with no more than $500 or $1000 deductibles depending on the bank. If it is a leased vehcile they may also require you to have 100/300 minimum liability limits.
The amount of necessary auto insurance to cover you depends on how much assets you have. If you are a homeowner with substantial savings, but have minimal coverage such as 15/30/5 you could be at risk and lose everything in an accident. You open yourself to a lawsuit. Most insurance professionals recommend 100/300/100 and then maybe an umbrella policy on top of that. If a person is at the lower end of the economic scale and is driving an older car, and operating on a tight budget, he could raise his deductible and get higher coverage and still be affordable. It's a tightrope between getting the coverage that you feel safe with and your budget. Good luck! David Albers
100 + 300 + 500 + 500 + 600 = 2000. Then divide by 5 to get 400. The mean of these five numbers is 400.
Minimum limits are 25/50/10 but you should really consider 100/300/100 or higher.
300% 100% of 100 equals the whole of the 100 200% means double the 100 300% must then mean triple the 100 Remember 100% of a cake means that nothing has been taken away (and eaten), so the cake is still intact.
"HCF, the Hospitals Contribution Fund of Australia, is one of the largest providers of health insurance in Australia. Coverage for a couple is usually around $300 a month."