Insurance companies sell coverages in amounts that limit the amount that can be recovered by one person (the first number) and the maximum that can be recovered in one accident (the second number). For example, if a driver carries liability insurance in the amount of $50,000/100,000, this means that an individual can collect up to $50,000.00 on that policy, but in no event will the insurance company pay more than $100,000.00 per accident.
