What is the maximum coverage amount per person that Basic Autoplan will cover for an underinsured motorist claim?

The correct answer reflects the coverage limits set by the Basic Autoplan in British Columbia for underinsured motorist claims. Under the terms of Basic Autoplan, if a person is involved in an accident with an underinsured driver, they can claim coverage for damages that exceed the at-fault driver's limits. This coverage is intended to protect the insured from financial loss due to inadequate insurance from the other party.

In British Columbia, the maximum coverage amount per person for these claims is indeed $1 million. This amount ensures that individuals have substantial financial support in case of severe injuries or losses sustained from an accident involving an underinsured motorist.

Other options, while reflecting higher limits, do not align with the actual maximum coverage stipulated in the Basic Autoplan. Understanding these limits is crucial for anyone involved in the insurance industry or purchasing auto insurance in British Columbia, as it helps inform proper coverage decisions regarding personal and financial protection when driving on the road.