What is the maximum liability limit available for bodily injury and property damage in the Florida Automobile Joint Underwriting Association for private passenger vehicles?

The Florida Automobile Joint Underwriting Association (FAJUA) provides coverage options for private passenger vehicles, with specific liability limits established to protect policyholders. The maximum liability limit available for bodily injury and property damage is 100/300/50.

This means that the policy would pay up to $100,000 for bodily injury per person, a maximum of $300,000 for total bodily injury per accident, and up to $50,000 for property damage. These limits are designed to provide adequate financial protection and help ensure that insured individuals can cover the costs associated with injuries and damages resulting from an automobile accident.

The structure of the limits is an important aspect for both policyholders and insurers, as it balances the need for financial security with the premiums charged. Understanding these limits is crucial for anyone pursuing the Florida Resident Personal Lines Agent License.