Or what it means.

Auto split limits. Split limit policies are typically cost-effective with lower premiums than other policy types. Agent Lyles Insurance Wheelersburg Ohio. A comprehensive example is provided to show how a split limi.

Split limit liability policies are easy to identify. This is because they tend to be more narrow in scope than some other auto insurance options out there. Split limit coverage splits the coverage amount into three limits such as 5010025.

This video shows the difference between a split limit and a single limit auto insurance policy. Liability coverage can be done one of two ways. Under the split limit coverage these numbers would mean that you have 50000 of bodily injury coverage per person per accident 100000 total for all injuries per accident and a 25000 limit for property damage done in one accident.

The first number represents the most. Split limit insurance policies offer multiple limits or limits per type of expense. This means 100000 medical bodily injury coverage per person 300000 bodily injury coverage for the entire accident and 50000 total property damage limits.

In this approach there are advantages and disadvantages that should be considered before purchasing car insurance. In an at-fault crash your policy will pay 100000 max per person. If your policy limits are 100300100 you have a split limits policy.

One cap for bodily injury coverage one cap for property damage and one cap for all injuries for the accident. And similarly written policies coverage is called split limit coverage. Bodily Injury Per Person.