Do the Split Limits of 100,000 per person/300,000 per occurrence for bodily injury and /$100,000 for property damage provide less coverage than a single limit policy of $300,000?
In many instances, Split Limits coverage provides less because the per person limit for Bodily Injury and the per accident limit for Property Damage is less than the total coverage provided for in a Combined Single Limit policy. With Bodily Injury coverage of 100,000 per person/300,000 per accident and Property Damage coverage of 100,000, the maximum amount the policy would pay to any one injured person is $100,000. The equivalent Combined Single Limit policy is 300,000, and this policy would pay up to the 300,000 limit without any restrictions per person.
