In a split limit automobile policy you will purchase a limit of liability insurance that will have three numbers.

Auto split limits. Split limit coverage splits the coverage amount into three limits such as 5010025. They have separate limits for bodily injury and property damage. Split Liability Limits.

A standard Split Limit Liability coverage is broken down as a 10030050 split. You probably have split limits. Split limit liability policies are easy to identify.

If your policy limits are 100300100 you have a split limits policy. The maximum amount that will be paid to any one injured person. Split limit coverage splits auto insurance coverage into three parts.

The second limit is a per occurrence limit. A Split Limit Liability auto policy is split into three parts. With split limits three separate dollar amounts apply to each accident.

It specifies limits for three specific types of claim. You may not have known that. -the first number is the total amount in 1000s that your company will pay per accident to an injured person that you hit.

Example of a split limit. This is because they tend to be more narrow in scope than some other auto insurance options out there. Split limits coverage is a set of limits on payments for auto insurance claims that is split into different categories.