What is the difference between Combined Single Limit and Split Limits of Liability?
With a Combined Single Limit of Liability, the amount of coverage is the most the insurance company will pay for the total of all damages resulting from any one accident, to include Bodily Injury and Property Damage. With a Split Limit of Liability, the amount of coverage designated for each person is the most they will pay for all damages due to Bodily Injury to any one person; further, subject to the each person limit, the amount of coverage designated for each accident is the most they will pay for all damages due to Bodily Injury sustained by two or more persons in one accident; and the amount designated for property damage is the most they will pay for the total of all Property Damage as a result of one accident. Here again is another reason why it helps clients to let us do the searching for them, because every company is different in their coverage choices, and although one company may be less expensive in premium, they may not be able to adequately provide your Liability covera
