How Do Policy Coverage Limits Work?

Ever wonder what those numbers on your auto insurance policy really mean? This video breaks down how coverage limits function, ensuring you're clear on the financial protection you actually have. In this explanation, you'll discover: ► The definition of policy coverage limits in simple terms. ► How different types of limits (per person, per accident, property damage) apply. ► The critical impact coverage limits have on your financial liability after an incident. ► Why understanding your limits is crucial for adequate protection. ► Common misconceptions about policy maximums and payouts. #CoverageLimits, #AutoInsurance, #CarInsurance, #InsuranceTips, #PolicyExplained, #FinancialLiteracy