What Does Combined Single Limits Mean?

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What does Combined Single Limits mean? Read on to discover the definition & meaning of the term Combined Single Limits - to help you better understand the language used in insurance policies.

Combined Single Limits

Combined Single Limits

Property policies may have split limits or combined single limits. The combined single limit simply states a single dollar limit that applies to any combination of bodily injury and property damage liability claims, as compared to split limits where three separate dollar amounts apply to each accident: per person limit, per occurrence limit for all injured persons, and per occurrence limit for all property damage resulting from the accident.

We hope the you have a better understanding of the meaning of Combined Single Limits.

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