Limits of Liability (2020)

An accident

Occurrences

An occurrence policy is a better policy than an accident policy, because an occurrence policy

Georgia’s auto insurance policy provides a $250,000 limit for all bodily injury and property damage liability per occurrence. Georgia’s policy is

Angelina Maria’s auto insurance policy has the following liability split limits: $250,000 / $500,000 / $100,000. The first number is

Teresa’s auto insurance policy has the following liability split limits: $250,000 / $500,000 / $100,000. The second number is

Martina’s auto insurance policy has the following liability split limits: $250,000 / $500,000 / $100,000. The third number is

Pedro Santiago’s auto insurance policy has the following liability split limits: $100,000 / $200,000 / $50,000. He is responsible for a car wreck injuring three people, resulting in these medical expenses: Person A – $120,000; Person B – $80,000; Person C – $130,000. How much will the policy pay for bodily injury?

Phillip’s auto insurance policy has the following liability split limits: $100,000 / $200,000 / $50,000. He is responsible for a car wreck injuring two people, resulting in these medical expenses: Person A – $125,000; Person B – $50,000. How much will the policy pay for bodily injury?

All of the following statements are true EXCEPT which one?

Conrad’s auto insurance policy has the following liability limits: $100,000 bodily injury per person, $300,000 bodily injury per occurrence, and $100,000 property damage per occurrence. Conrad’s policy is