WebJun 17, 2009 · The first is bodily injury (per person), the second is bodily injury (per occurrence), and third is property damage. For example, if you collide with a vehicle with an actual cash value of $125,000, your insurance carrier is contracted to pay only $100,000 (split limits). If you have CSL your insurance carrier would cover the $125,000 because ... http://dci-insurance.com/occurrence_vs_aggregate_limits.htm
What is a combined single limit auto insurance policy?
WebApr 13, 2024 · “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.” 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 ... impact technology development devens ma
Advantages and Disadvantages of Single Limit Liability
WebCombined single limit aircraft liability insurance (smooth limit or level limit) This is the broadest aircraft insurance coverage available – injury and property damage are combined under a single limit of liability per occurrence. For example, with a $1 million combined single limit liability, $1 million would be the total available to be ... WebMinimum Limits of Insurance $2,000,000 Each Occurrence Limit for bodily injury and property damage $2,000,000 General Aggregate Limit $2,000,000 Products and Completed Operations Aggregate Limit $10,000 Medical Expense Limit If Commercial General Liability Insurance or other form with a general aggregate limit is used, it shall be revised to ... WebAutomobile Liability insurance covering bodily injury and property damage in an amount no less than one million dollars ($1,000,000) combined single limit for each occurrence. Covered vehicles shall include owned, non-owned, and hired automobiles/trucks. impact technik wasserglas