Your client asks you to interpret some terms on his auto insurance policy. His insurance liability coverage is $30/70/40.$ What does the $70$ state here?

$$70,000$ for bodily injury liability limit paid to one person in an accident.

$$70,000$ for bodily injury liability limit paid to all persons in an accident.

$$70,000$ for property damage liability limit for damage to other people's property from a single accident.

$$70,000$ for bodily injury liability limit paid to all persons in an accident and property damage from a single accident in total.