Lilah Butler, Car Insurance Writer
@lilah_c
Split limit liability divides your liability car insurance into three areas: bodily injury per person, bodily injury per accident, and property damage. For example, split liability limits are usually written as 25/50/25, meaning that your insurance will cover you for up to $25,000 in bodily injury liability per person, $50,000 in bodily injury liability per accident, and $25,000 in property damage liability per accident.
The most common way insurance companies write car insurance policies is by using split limit liability, since it is also the way most states will iterate the minimum insurance required by law.
People also ask
What do the numbers in liability insurance mean?
The numbers in liability insurance mean that an insurer will only pay for bodily injury or property damage liability claims up to a certain dollar amount. These policy limits are typically expressed as three numbers that each represent an amount in thousands of dollars, like 25/50/25. With a 25/50/25 policy, the insurance company will pay up to $25,000 per person for bodily injury claims and up to $50,000 in bodily injury claims per accident. Additionally, it will cover...
read full answer by WalletHub, Financial CompanyWhat is a 100/300 policy?
A 100/300 policy is an insurance policy that includes bodily injury liability coverage limits of $100,000 per person and $300,000 per accident. A 100/300 policy is generally recommended for drivers who can afford it, since it offers more protection against serious accidents than the insurance required by most states.
It’s important to note that the 100/300 insurance notation does not include property damage liability insurance, which is required in nearly every state in order to pay for property...
read full answer by WalletHub, Financial CompanyWhat is single-limit liability in car insurance?
Single-limit liability in car insurance is when an insurer will pay up to one fixed amount for all property damage and bodily injury claims against the policy. For example, a single-limit policy with a limit of $300,000 would cover all valid property damage and bodily injury claims until the total amount reached $300,000. Single-limit liability differs from the more common split-limit liability, which has separate limits for bodily injury and property damage liability.
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