liability limits

Liability limits refer to the maximum amount an insurance policy will pay if you're held responsible for damage or injury to others. For example, if you cause an accident, your insurance covers up to these set limits, covering things like property damage or medical expenses. If damages exceed this amount, you may be personally responsible for paying the extra. Liability limits are typically expressed as three numbers (e.g., 100/300/50), representing the maximum payouts for bodily injury per person, total bodily injury per accident, and property damage, respectively.