What is the basic limit for medical payments per person under Coverage F?

Prepare for the North Carolina Property and Casualty State Exam. Use flashcards and multiple choice questions with hints and explanations. Boost your exam readiness!

The basic limit for medical payments under Coverage F in North Carolina is indeed $1,000 per person. This coverage is designed to pay for medical expenses that occur due to bodily injury to a person not covered under a specific property or casualty policy, regardless of who is at fault in an accident. This can include expenses for hospital visits, medical care, and related costs arising from an accident on the insured's property or due to the insured's operations.

Understanding the limit is crucial for policyholders, as it helps them recognize the extent of coverage provided without requiring the insured to establish fault. The limit reflects a balance between providing meaningful assistance to those injured and maintaining affordable policy pricing. The other figures provided, while they represent various limits that might be found in other types of coverage or older policies, are not the standard basic limit for this specific coverage under current North Carolina regulations.

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