What is the coverage limit for a person injured in an accident under a liability policy with limits of 25/50/15?

The correct interpretation of a liability policy with limits of 25/50/15 is crucial for understanding coverage in the event of an accident. The first number, 25, refers to the maximum amount that the policy will pay for bodily injury to a single individual injured in an accident. This means that if one person suffers injuries from the accident, the insurer will cover up to $25,000 for those injuries.

The second number, 50, represents the total maximum payout for bodily injury claims arising from a single accident, regardless of the number of individuals involved. In this case, the policy will cover up to $50,000 in total for all bodily injury claims from that accident, encompassing multiple injured parties.

The third number, 15, indicates the coverage limit for property damage incurred as a result of the accident, which is pertinent to any damage caused to vehicles or other property but not directly related to the injuries sustained by individuals.

In summary, under a 25/50/15 liability policy, the coverage limit for one individual injured in an accident is indeed $25,000. This is an important distinction that allows policyholders to understand how much financial protection they have in various scenarios involving bodily injury from accidents.