FRIDAY, OCTOBER 18, 2013
Combined Single Limit Liability (CSL)
- allows the insured one single amount of coverage that can be used as needed, either for bodily injury or property damage
- this single amount is the most the insurance company will be obligated to pay for damages resulting from one single accident
- insurer pays a higher premium for this liability coverage
Combined Single Limit Liability is: $100,000/accident
- this is the total that the insured will pay for all bodily injuries and property damage caused in one accident, no matter the number of people injured or what the portion of bodily injury or property damage is
No Comments
Post a Comment |
Required
|
|
Required (Not Displayed)
|
|
Required
|
All comments are moderated and stripped of HTML.
|
|
|
|
|
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only.
It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
you and the blog and website publisher.
|