PLNJeasy
Under N.J.S.A. 39:6A-3.1, what are the standard liability and PIP limits provided by a New Jersey Basic Policy?
ABI 25/50, PD 25, PIP $250,000
BBI 15/30, PD 10, PIP $50,000
CBI 100/300, PD 50, PIP $250,000 — these limits exceed the Basic Policy's statutory maximums
BI 10/10, PD $5,000, PIP $15,000 (with optional BI buy-up to 10/10)
Why this is the answer
The Basic Policy created by N.J.S.A. 39:6A-3.1 is a low-cost option offering $15,000 PIP and $5,000 property damage. Bodily injury liability is not mandatory under this form but may be added at a single $10,000-per-accident limit. UM coverage is not included. The Verbal Threshold automatically applies.
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