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Split limits coverage is a structure for Bodily Injury and Property Damage Liability or Uninsured Motorist coverage which provides, coverage amount into 3 split limits, Split limits auto policies designates how much coverage will go toward bodily injury and how much goes toward property damage such as 250/500/100. This coverage is paid under the policy per injured person. This means that $250,000, would be paid for Bodily Injury coverage per person, $500,000, is the bodily injury that would be paid to all persons per accident and $100,000, limit for property damage incurred per accident.
See also:
assigned risk plan
insuring agreement
standard auto policy
auto coverage
coverage for damage
injury coverage
collision coverage
motorists coverage
medical payments coverage
physical damage coverage
covered auto
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