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
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.