Single-Limit

Written by  //  June 24, 2011  //  Insurance Glossary: N-S, Insurance Terms  //  Comments Off

This type of liability limit is expressed in a single number. It is also referred to as Combined Single Limit (CSL). It is the most the insurance company is obligated to pay for damages because of bodily injury or property damage or both resulting from a single accident. For example, if the limit is $300,000 per accident, that is what the insurance company will pay up to for all bodily injuries and property damage caused by one accident. This is the case regardless of the number of people injured and what portion is property damage and what portion is bodily injury damage. Liability and Uninsured Motorist limits can be offered as Single Limits vs. Split Limits.

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