Home
/
Law
/
As A Young Person, Get On A Vehicle? Your State Will Have a Required Minimum That You Must Buy. For Instance, Some States Have Very Low

Question

As A young Person, Get On A Vehicle? Your state will have a required minimum that you must buy. For instance, some states have very low requirements. 10-20-5 is probably the lowest Flashback! Do you remember what these numbers tell you? The 10 means it will pay only 10,000 maximum for injury to any one person in an accident. The 20 means it will pay a minimum of 20,000 total to people injured in one accident. The 20 means it will pay a maximum of 20,000 total to people injured in one accident. The 5 means that it will pay a maximum of 5,000 in property damage for one accident. The 5 means that it will pay a minimum of 5000 in property damage for one accident.

Answer

4.6 (304 Votes)
Verificación de expertos
Heidi Veteran · Tutor for 10 years

Answer

The numbers 10-20-5 represent the minimum liability insurance requirements in some states. Specifically:- 10 refers to the maximum amount ( 20,000) the insurance will pay for injuries to multiple people in one accident.- 5 refers to the maximum amount ($5,000) the insurance will pay for property damage in one accident.