What does 20/40/15 mean exactly?
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20/40/15 is an acronym for the minumim liability policy requirement set by the state of Texas. The 20 portion refers to $20,000 Bodily Injury Liabilty Limit per person, the 40 refers to $40,000 Bodily Injury Liability Limit per accident and the 15 refers to $15,000 Property Damage Liability Limit. |
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