When some one has insurance for bodily injury PER PERSON and then one for bod. injury per accident, which one?

Question

okay well which one would i use if both the people in tha accident were hurt and their insurance covers bodily injury PER PERSON and then one for bod. injury PER accident, which one do i use?? IM me with the answer, this is due tmrw :)

Answer 1

OK, so the husband and wife hit a car with one person in it.  The one person is injured.  Their policy will pay UP TO $25,000 for bodily injury.  That's the per person limit, there was only one person hurt.

So say they hit a car with four people in it.  Each person has $10,000 of injury.   Their policy will pay $10,000 each, or $40,000.   Because the maximum per policy is $50,000.

So, say they hit a car with four people in it, and each person has 25,000 of injury.  The policy will only pay $50,000, because that's the MOST per accident.  So each person gets $12,500, and then the husband and wife have to pay the other half out of pocket.

Answer 2

The company will pay a reasonable settlement amount up to the limits on the policy (25k per person injured).  They aren't going to give you 25k just because you claimed you were injured.

Answer 3

It's a common policy provision called "split limits."

Under your liability coverage (for injury or auto damage to others, where you are "at fault"), you should see a set of numbers.

These are your liability limits.

Minimums vary from state to state - in New York, it's USD$25,000 per person, and $50,000 per accident (for medical expenses). Your policy can have different limits for injury than for property damage, depending on your state's minimums..

You can be personally lible for injuries that exceed this amount - and serious injuries will easily exceed most state minimums.

If I cause an accident that injures two people, each can collect $25,000, for a total of $50,000, for that accident. (I currently carry limits of $100,000/$300,000, and will bump that up to $250/500,000 soon.)

If I injure three people, and their injuries are at $25,000 each, they'll only collect $50,000/3, or $16,666 dollars. If I injure seven people, they'll only collect $7,142.85, if my per accident limit is $50,000. I could be personally liable for the difference, and have my assets attached, wages garnished, etc.

If I injure one person, they'll collect up to $25,000.

I realize that auto insurance isn't a fun or glamorous purchase, and that it's costly. But I passed an overturned pickup on Rte 190 today, and there was a fatality involved. Bad things happen to anybody, and if you drive around long enough, chances are you'll be in a motor vehicle accident.  

It could be minor (most of my own accidents weren't too bad) or it could be horrific. Just remember that when you're looking for the "best price." Don't forget about your coverage - that's what you're really paying for.

(Req Disclaimer - Be certain to consult with a qualified, trusted advisor and read your policies. State requirements and regulations vary by jurisdiction, so please check your local laws. Not intended as advisory or offer. Relevant to the United States only.)

Answer 4

The per person limit is the most that any one person can collect for bodily injury.

The per accident limit is the most that can be paid out for all injuries in any one accident.

This is regardless of how bad the injury is.

So...here's a very extreme.example.....school bus  carrying 50 children is involved in a wreck. The liability policy for the at fault driver is 25,000 per person and 50,000 per accident for bodily injury.

In the accident 25 of the children are killed.   The other 25 are not hurt.  The most that any one child can get is 25,000 and the most for all children is 50,000.  -- regardless of the severity of the injury.

So, if the policy pays child A  25,000 and child B 25,000 then all the other children are S-O-L. They will get nothing. The per accident limit has been paid.

Or since 25 children were killed and the total available coverage for all injuries is  50,000 -- the policy could pay each child 2,000.  This would also reach the policy max of 50,000 and be below the 25,000 per person max.

Answer 5

It covers UP TO the amount for each person, but the grand total (for all people) can't be more than the total allowed per accident.