If your policy limits are 100300100 you have a split limits policy.
Personal auto split limits. Split limit coverage splits the coverage amount into three limits such as 5010025. They also slice BI coverage into a limit per person and per incident. Your policy will not pay more than 50000.
Bodily Injury Liability Each Person Each Accident Property Damage Liability Each Accident IIUninsured Motorists Each Person Each Accident NOTICE The contrasting boldface type contained in this endorsement is in compliance with the Nevada. What these Bodily Injury split liability limits are saying is that if you are in an accident and cause bodily injury someone in the other vehicle that injured person will receive 100000 per injured person. Some people have state minimum insurance in many states.
The maximum amount that will be paid to any one injured person. This policy has three coverage limits. Lets assume Jose has 5010025 limits of liability.
It is used for personal coverage. In a split limit automobile policy you will purchase a limit of liability insurance that will have three numbers. Split Limit Liability is the most commonly used form of liability but is broken up differently than Combined Single Limit coverage.
Split Liability Limit Outcome. In this approach there are advantages and disadvantages that should be considered before purchasing car insurance. Split Liability for Car Insurance.
States that require liability coverage will also specify the minimum limits as split amounts. This means 100000 medical bodily injury coverage per person 300000 bodily injury coverage for the entire accident and 50000 total property damage limits. Cashback can reduce this to 23yr 33yr for personal cover.