In liability insurance, the three numbers N1/N2/N3 represent coverage limits in thousands of dollars. These limits indicate the maximum amount your insurance will pay in different situations. Here’s what each number means:
- N1 – Bodily Injury Per Person: The maximum amount the insurer will pay for injuries to a single person in an accident.
- N2 – Bodily Injury Per Accident: The total maximum amount the insurer will pay for all injuries in a single accident.
- N3 – Property Damage Per Accident: The maximum amount the insurer will pay for damage to someone else’s property (e.g., their car, a fence, or a building).
Example: 50/100/50
- $50,000 for bodily injury per person
- $100,000 for total bodily injury per accident
- $50,000 for property damage per accident