Meaning Split Limit
What does Split Limit mean? Here you find 3 meanings of the word Split Limit. You can also add a definition of Split Limit yourself
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Split LimitSplit limit policies have three separate amounts for liability payment limits: one for bodily injury per person, one for bodily injury per accident, and one for property damage per accident, usually in that order. Often expressed in the form $100/$300/$100, with the amounts referring to thousands of dollars.
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Split Limit Any insurance coverage with separately stated limits for different types of coverage. Example: an automobile liability policy of 100/300/50 provides a maximum of $100,000 bodily injury coverage per p [..]
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Split LimitAny insurance coverage which is expressed in different amounts for different types of losses. For example, auto liability of 50/100/50 means bodily injury limits of $50,000 per person, $100,000 per ac [..]
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