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Web25 okt. 2024 · Automobile Financial Responsibility Limits By State. (1) The first two numbers refer to bodily injury (BI) liability limits and the third number to property damage (PD) liability. For example, 20/40/10 means coverage up to $40,000 for all persons injured in an accident, subject to a limit of $20,000 for one individual, and $10,000 coverage for ... WebYou cause an accident with another driver who has three passengers in their car (4 total people) and your liability insurance limit is $25,000 bodily injury per person, $50,000 … Web8 aug. 2016 · Fundamentally, the purpose of insurance, indemnification, and limitation clauses is to allocate risks. In general, insurance transfers risk from the contracting parties to a third party—an... miami beach women\u0027s swimwear for sale