This coverage pays a certain amount for each injured person and a total amount per accident for all injured persons.
What is split limit insurance coverage. Split limit coverage splits the coverage amount into three limits such as 5010025. If your policy limits are 100300100 you have a split limits policy. Total Bodily Injuries Per Accident.
Split limit liability insurance uses three different amounts for three different aspects of your coverage -- individual bodily injury bodily injury for an accident no matter how many people are involved in it and property damage liability. A comprehensive example is provided to show how a split limi. There are three areas you need to be aware of when it comes to split limit coverage and they are bodily injury per person bodily injury per accident and property damage coverage.
Split Limit Liability is the most commonly used form of liability but is broken up differently than Combined Single Limit coverage. Split Limit Liability Coverage A standard Split Limit Liability coverage is broken down as a 10030050 split. Bodily injury per person bodily injury per accident and property damage per accident.
Split limit liability policies are easy to identify. A Split Limit Liability auto policy is split into three parts. They also slice BI coverage into a limit per person and per incident.
Split Limit Liability Coverage. The limits are broken down differently than Combined Single Limit. 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.
Our quotes come with free impartial specialist advice you can trust. The first limit is a per person limit. The maximum amount that will be paid to all injured.