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 person, $300,000 bodily injury coverage per accident, and a property damage limit of $50,000 per accident

See Also: Personal Auto Policy; Personal Injury Protection; Property Damage Liability Insurance; Short Rate Cancellation; Stacking of Limits;

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