What Are Split Limits.

What are split limits in auto insurance. A split limit liability is the type of liability insurance that most of us are familiar with. Ad Compare Car Insurance at MoneySuperMarket. Ad Whether Rain Or Shine Well Have Your Car Insurance Covered.

Liability coverage can be done one of two ways. You have the same limits for injuries uninsured people cause to you. If you were at fault in an accident.

A split limit liability is the method used in determining the liability coverage of maximum amount that can be paid. One cap for bodily injury coverage one cap for property damage and one cap for all injuries for the accident. Split limit or combined single limit.

If your policy limits are 100300100 you have a split limits policy. Agent Lyles Insurance Wheelersburg Ohio. Keep reading to learn everything you need to know about split limits insurance.

The maximum amount that will be paid to any one injured person. 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. This policy has three coverage limits.

Example of a split limit. The second limit is a per occurrence limit. It specifies limits for three specific types of claim.