Matthew

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Insurance companies quote liability coverage as a series of three numbers, like 50/200/25. The first number is how much, in thousands of dollars, the policy will pay for each person (besides you) injured in an accident ($50,000 in this example). The second number is the total that the policy covers for each accident ($200,000 here). And the last number tells how much property damage will be reimbursed ($25,000 in this case).
Your Money: The Missing Manual
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