What is the maximum amount covered under the liability section of an auto insurance policy with limits of 15/30/5 for all injuries per accident?

Study for the Georgia Personal Lines Agent Exam. Prepare with flashcards and multiple choice questions, each question has hints and explanations. Get ready for your exam!

The correct answer, which indicates that the maximum amount covered under the liability section of an auto insurance policy with limits of 15/30/5 for all injuries per accident is $30,000, reflects the structure of liability limits in auto insurance.

In a liability policy with the limit format of 15/30/5, the numbers represent the following:

  • The first number (15) signifies the maximum amount payable for bodily injury per person injured in an accident. In this case, that figure is $15,000.

  • The second number (30) denotes the maximum amount payable for all bodily injuries occurring in a single accident, which totals $30,000.

  • The third number (5) represents the maximum for property damage per accident, amounting to $5,000.

Thus, when considering the maximum amount covered for all injuries in a single accident, the correct interpretation leads to the $30,000 limit, which aligns with the second number in the series. This indicates the total payout available for all individuals injured in that incident.

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