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.
Personal auto policy split limits. Ad We Have Invested Our Own Money To Cut Car Insurance Prices With A Range Of Insurers. The second injured person will be covered in full at 20000 because you have up to 100000 per person and no more. It is used for personal coverage.
Advantages of Single Limit Liability Coverage. The second limit is a per occurrence limit. Some people have state minimum insurance in many states.
Using this example the first number means that 250000 would be paid for bodily injury to each person 500000 is the amount of bodily injury that would be paid to all persons per accident and 100000 refers to the amount of all property damage that would be paid per accident. Get a Quote Online now. The maximum amount that will be paid to any one injured person.
A standard Split Limit Liability coverage is broken down as a 10030050 split. Many auto insurance policies use the split limits approach which combines the per person and the per occurrence approach. The limits are the same.
If your policy shows 100300100 or 100PD on a separate line you have 100000 coverage property damage caused when you ran that stop sign. You will be responsible for any remaining costs. She hit a pedestrian who claims damages of 225000.
With split limits three separate dollar amounts apply to each accident. Mary Lou has split limits of 100000300000 bodily injury on her personal auto policy. Your policy would only cover the first persons injuries up to 100000 in Bodily Injury.