The three key components of an auto insurance policy include:
Bodily Injury Liability (Per Person)
This coverage limit is per person for medical expenses and lost wages stemming from injuries you may cause to others in a collision.
Bodily Injury Liability (Per Accident)
This coverage covers expenses you cause to others due to injuries in total for the accident.
Property Damage Liability (Per Accident)
This coverage is for damage that you may cause to other people’s property in an accident, such as cars, fences, etc.
When looking at coverage limits, it is often written as 25/50/25. In this example, the liability coverage would be $25,000 for bodily injury (BI) per person, $50,000 for bodily injury (BI) per accident, and $20,000 in property damage coverage.