When you are looking at liability coverage in Dallas / Fort Worth, Texas for your car, it is important to recognize the difference between a single limit plan and a split limit plan. Auto insurance coverage provides the opportunity to select the plan that is most appropriate for personal concerns.
A split limit plan is a type of insurance coverage that splits up the liability protection into three basic categories: coverage for individual injuries, maximum injury protection and property damage. The policy will provide a certain amount of protection for every person involved in an accident, a maximum amount for total injury coverage and a set amount for damage to the vehicles. In most cases, the injury protection is the majority of the policy while the limit for property protection per accident is a lower amount.
Single Limit Plans
A single limit policy is a type of combined policy. Instead of splitting up the coverage into separate types of liability concerns, the policy has a maximum protection plan for each accident in a single amount. For example, if the total liability coverage is $100,000 per accident, then that amount will cover injuries and property damage.
The key difference is whether the protection plan is split into more than one category or if the policy only has a single amount that covers the entire accident.
Making the decision to split up your liability protection or keep it in a single amount is ultimately dependent on your goals and concerns. In both situations, you are protected from the cost of medical expenses and property damage, but the amount of protection may vary. To learn more about protecting your car, contact us to talk to an independent agent today.