What are the 2 numbers in insurance policy?
What are the 2 numbers in insurance policy?
The first number refers to the bodily injury for one person, the second is for bodily injury liability for all persons and the third is for property liability damage. Many states mandate these three types of coverages. Sep 30, 2021
What is CA full coverage?
Full coverage insurance in California is usually defined as a policy that provides more than the state’s minimum liability coverage, which is $15,000 in bodily injury coverage per person, up to $30,000 per accident, and $5,000 in property damage coverage. Apr 9, 2020
What does RC mean in insurance?
REPLACEMENT COSTREPLACEMENT COST (RC) Replacement Cost coverage allows claims to be settled with reimbursable depreciation. The value of the loss is determined to be $30,000. The deductible is $3,000. The insurance company will pay no more than $27,000. Aug 6, 2020
