What is the maximum payable for Underinsured Motorist Coverage in Autoplan Basic?

The maximum payable for Underinsured Motorist Coverage in Autoplan Basic is indeed set at $1 million. This coverage is designed to protect insured individuals in the event that they are involved in an accident with another driver whose insurance coverage is insufficient to cover the damages incurred.

Underinsured Motorist Coverage plays a crucial role in ensuring that drivers are financially protected, particularly in serious accidents where medical costs and damages can quickly exceed what the at-fault party’s insurance can cover. The $1 million limit reflects the need for substantial coverage to address potentially significant losses, which can include medical bills, lost wages, and pain and suffering.

While the other answer options suggest higher coverage limits, the standard for Underinsured Motorist Coverage within the Autoplan Basic framework is specifically capped at $1 million. This provides a balance between offering adequate protection for insured individuals while maintaining a manageable cost structure for premiums. Remember, effective coverage ensures that policyholders are safeguarded without resulting in unnecessary expenses beyond the established limits.