Split Limit — Glossary
Limits

Split Limit

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Definition. Split Limit is an alternative to CSL where bodily injury and property damage have separate dollar limits — typically expressed as $100K/$300K/$100K.

Also known as: Split Limits, Three-Number Limits

The three numbers represent: per-person BI limit / per-accident BI limit / per-accident PD limit. CSL is more flexible because the limit can flex between BI and PD; split limits cap each category separately.

Real-world scenario

Cedar Ridge Landscaping, a six-truck crew operating around Columbus, Ohio, buys a commercial auto policy with split limits written as 100/300/50 — meaning up to $100,000 for bodily injury per person, $300,000 for bodily injury per accident, and $50,000 for property damage per accident. The annual premium runs $6,800, and the physical-damage coverage carries a $1,000 collision deductible on each truck.

One spring morning a Cedar Ridge driver runs a red light and strikes a passenger car carrying two people. The first occupant suffers $180,000 in medical bills and lost wages; the second has injuries totaling $95,000. The other vehicle, a nearly new SUV, is a total loss valued at $60,000. Because the split limit caps bodily injury at $100,000 per person, the insurer pays only $100,000 toward the first claimant even though the loss was $180,000 — leaving an $80,000 gap. The second claimant's $95,000 is paid in full, so total bodily-injury payout is $195,000, comfortably under the $300,000 per-accident ceiling. Property damage, however, is capped at $50,000 against a $60,000 loss, creating another $10,000 shortfall.

The carrier also spends about $22,000 defending the claim (paid outside the limits here). Cedar Ridge is personally on the hook for the combined $90,000 in uncovered damages. Had the owner bought an umbrella policy sitting above the auto limits, that $90,000 would almost certainly have been absorbed for a few hundred dollars more in premium.

How it affects your premium

Split-limit auto pricing turns on how much bodily-injury and property-damage protection you buy and how much exposure your vehicles create on the road. The main cost drivers:

  • Chosen limit tier (e.g., 25/50/25 vs. 100/300/50): Higher per-person and per-accident caps raise premium, but the jump from state-minimum limits to 100/300/50 is often far cheaper than the coverage gap it closes.
  • Covered auto symbols on the policy: The business auto symbols that determine whether owned, hired, and non-owned vehicles are insured directly change the rated exposure and price.
  • Vehicle type, weight, and radius: Heavier trucks and longer operating radius mean more severe potential injuries, pushing the bodily-injury portion of the split limit up in cost.
  • Driver records (MVRs): Violations and at-fault losses on driver motor-vehicle reports increase the likelihood of hitting those per-person caps, so carriers surcharge accordingly.
  • Uninsured/underinsured motorist add-ons: Matching uninsured motorist limits to your split limit adds premium but protects you when the at-fault party has no coverage.
  • Physical-damage coverage and deductibles: Adding collision coverage and lower deductibles raises premium independent of your liability split limit.
  • Loss history and industry class: Prior auto claims and a high-risk trade classification both increase the base rate applied to your chosen limits.
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Common misconceptions

Myth: A 100/300/50 split limit means I have $300,000 available for any single injured person.

Reality: No — the first number is the hard per-person cap. In a 100/300/50 policy any single claimant collects at most $100,000 for bodily injury; the $300,000 is only the ceiling for all people combined in one accident.

Myth: Split limits and combined single limits are basically the same thing.

Reality: They are structurally different. A combined single limit pools bodily injury and property damage into one flexible bucket, while a split limit rigidly separates them — so a severe single-person injury can exhaust a split limit's per-person cap even when total policy dollars remain unused.

Myth: The per-accident number resets and gives me a fresh limit for property damage too.

Reality: Property damage has its own separate cap in a split limit and does not draw from the bodily-injury figures. If your property-damage limit is exhausted, the bodily-injury per-occurrence amounts cannot be borrowed to cover it.

Frequently asked questions

What do the three numbers in a split limit actually mean?
They are, in order, the maximum bodily-injury payout per person, the maximum bodily-injury payout for all people in one accident, and the maximum property-damage payout per accident — for example 100/300/50 equals $100,000 / $300,000 / $50,000.
Is a split limit better or worse than a combined single limit?
Neither is universally better, but a combined single limit is generally more flexible because it doesn't cap what one seriously injured person can recover; split limits are usually cheaper, which is why they remain common on smaller commercial auto policies.
Does a split limit cover hired or borrowed vehicles?
Only if the policy is set up for it. Coverage for rented or employee-owned vehicles depends on adding hired and non-owned auto coverage and the correct covered-auto symbols; the split-limit amounts then apply to those exposures.
What happens if a claim exceeds my split limit?
You are personally responsible for the excess. Businesses close that gap by raising limits or by adding an umbrella policy that pays above the underlying split limit.
Are state minimum split limits enough for a business?
Rarely. State minimums like 25/50/25 are quickly exhausted by a serious injury or a newer vehicle, leaving the business exposed; most carriers and contracts expect at least 100/300/50 or a $1,000,000 combined single limit for commercial operations.

Sources cited

  1. Split limitsInternational Risk Management Institute (IRMI) (2024)

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Disclosures

📘 Educational content only. Reviewed by licensed Property & Casualty insurance agent Jason Wootton (NPN 7694718). Not insurance advice, an individual recommendation, or a solicitation in any state. Insurance regulations vary by state. For specific coverage decisions, consult a licensed insurance agent in your state.
Advertiser disclosure. Get Business Coverage is a licensed insurance referral service. We may receive compensation when you click links to carrier partners or complete a quote. This compensation may impact how and where products appear on this page, but it does not influence our editorial content or research methodology.
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