Commercial Truck Insurance - Vehicle Liability Insurance Limits

Описание: White Glove Partners is an independent commercial insurance agency located in Texas. We are committed to providing friendly & professional services while working with the latest technologies. With our focus on commercial trucking insurance, we pledge to help you find peace of mind and provide the best coverage and prices available to you.

Liability Insurance Limits

Liability insurance requires you to select limits. These limits determine the maximum amount your insurance company will pay if you need to use the insurance coverage. Limits are described either as split limits or as a combined single limit.

Split limits are three numbers that describe the following:
• Maximum Bodily Injury payment per person
• Maximum Bodily Injury payment for all people in the entire accident
• Maximum total Property Damage payment for all property in the accident

For example, if you choose split limits of $15,000/$30,000/$10,000:
• $15,000 would be the most your insurance would pay each person injured in an accident.
• $30,000 would be the most your insurance would pay for all people injured in the accident.
• $10,000 would be the most your insurance would pay for all property damaged in a single accident.

With a combined single limit, or CSL, only one number is used to describe the limits for both Bodily Injury insurance and Property Damage insurance. In this case, there is no specific limit per person, just a grand total maximum that will be paid for all injuries and property damage that you cause that result from a single accident.

For example, if you selected a combined single limit of $1 million, your insurance company would pay up to $1 million for all medical and injury-related bills and all property damage expenses that you caused in an accident.