Webbodily injury liability. “C S L” is an abbreviation for “combined single limit,” a term of art in the insurance industry. This term means that the limit of $500,000 stated for “each occurrence” is a single limit with respect to each occurrence for bodily injury liability and property damage liability “combined.” WebApr 10, 2024 · A combined single limit policy, or CSL, is a provision that combines all the limits of a car insurance policy into a single dollar amount that satisfies your state’s …
Occurrence vs. Aggregate Limits - dci-insurance.com
WebMar 11, 2024 · The primary disadvantage of single limit liability coverage is that it is more expensive than split limit coverage. For individuals with no assets to protect, and who wish to avoid higher auto insurance premiums, the benefits of a single limit liability policy will probably not outweigh the disadvantages enough to justify the higher premiums. WebFurthermore, injury coverage is usually broken up to cover up to a certain amount of damage per person and occurrence. For example, if a bodily injury policy is listed as $10,000/$20,000, it means that there is coverage available to compensate for injuries for any person up to $10,000 or a maximum of $20,000 per accident. csc6tc32wfr强制解绑
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WebThe terms are “per occurrence limit” and “aggregate limit”. For our purposes, let’s look at a typical commercial general liability policy. A small construction company may have a general liability policy with an aggregate limit of $2,000,000. This may lead the company owner to believe that if a house his crew is working on is damaged ... WebThe 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 … per occurrence limit. Per occurrence limit is the maximum amount the insurer will … With split limits, three separate dollar amounts apply to each accident. The … WebA combined single limit policy has one liability limit for all injuries or damage sustained in an accident. Here's how it works: ... Your combined single limit policy has one limit for each … csc6hc3b1wfr说明书