What Does Split Limits Mean In Auto Insurance?

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   Dan Lyles

   agent, Lyles Insurance, Wheelersburg, Ohio

   split limits refers to the liability part of your auto insurance policy. liability coverage can be done one of two ways: split limit or combined single limit.
   
   example of a split limit: 100/300/100
   if you were at fault in an accident:
   -the first number is the total amount in 1000's that your company will pay per accident to an injured person that you hit. it is the most it will pay any single person for their injuries.
   -the second number comes in when you injure multiple people. it is the most the policy will pay per accident total for multiple injured persons.
   -the third number refers to the maximum in 1000's that your policy will pay for property that you damaged.

   Answered on March 10, 2014

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