What is the maximum limit for bodily injury coverage under a motor vehicle policy?

In North Carolina, the maximum limit for bodily injury coverage under a motor vehicle policy is typically influenced by the state’s minimum requirements and the options available from insurance carriers. While individual policies can offer various coverage limits, the choice of $1 million represents a common threshold that many insurers use to provide adequate protection against significant claims resulting from motor vehicle accidents. This coverage limit is often recommended because it provides sufficient financial backing in the event of severe injuries or multiple claimants, aligning with standard practices in the industry where higher limits are essential for comprehensive protection.

The amounts lower than $1 million, such as $250,000 or $500,000, may be insufficient in today's context, especially considering the potentially high costs of medical care following serious accidents. This standard ensures that policyholders are adequately covered in liability claims that can result from accidents they cause.