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Walt occasionally borrows the car of his friend, Jesse. Jesse has a PAP with liability limits of 250/500/100. Walt also has a PAP, and his liability limits are also 250/500/100. Walt had an accident while using Jesse's car and was found to be legally liable for $350,000 in bodily injury costs sustained by one person. How much will be paid by Walt's policy

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Answer: $250,000

Explanation:

Liability limits go as follows:

  • The first number is the maximum amount payable for the bodily injury suffered by one person.
  • The second is the maximum amount payable per accident.
  • The third number is the maximum payable for property damage.

These numbers are in thousands.

As Walt was the one driving, his insurance will kick in first and his policy will pay the maximum that it can pay for bodily injury costs to one person.

That amount as shown is the first number in his limits which is $250,000.

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