What does 100 CSL mean in insurance?
Combined single limit
What does 300 CSL mean in insurance?
combined single limit
What does 500k CSL mean?
For example, your policy may list your liability limit as $500,000 CSL. This means that in the event that you cause an accident which results in one person sustaining bodily injury losses and medical bills totaling $400,000 you would have an adequate amount of insurance to pay for those 3rd party losses.
What is the difference between CSL and Split limits?
The basic difference between a combined single limit policy and a split limit policy is that the split limit requires multiple limitations to the policy while single limit coverage gives you one amount of coverage to use as needed for the expenses resulting from an auto accident.
What does is mean if the coverage limits are $250000 /$ 500000?
It means that for any one car wreck that is your fault your insurance company will pay a person injured in the wreck up to $250,000 in losses and damages they suffer. If more than one person is injured in the wreck, the company will pay, on your behalf, up to $500,000 but no more than $250,000 for any one person.
What is single limit liability?
Split Limit liability coverage provides a specific limit per person for bodily injury and a total amount the insurance company will pay for all injury as a result of one accident. … A Single Limit policy provides one total amount that the insurer will pay for bodily injury and property damage as a result of one accident.
What does CSL mean?
CSLAcronymDefinitionCSLCommonwealth Serum Laboratories (CSL Limited, Australian biopharmaceutical company)CSLCommunication Services Ltd. (various locations)CSLCreosote Sweeping Log (fireplace cleaning product)CSLCan’t Stop Laughing
Which number in a 250 500 100 split limit pays for injuries to all others after a car accident?
This coverage pays a certain amount for each injured person and a total amount per accident for all injured persons. This type of liability limit is expressed in three numbers, such as 250/500/100.
What are split limits in insurance?
A split limit is an insurance policy provision that states different maximum dollar amounts the insurer will pay for different components of a claim. … The policies generally come with three types of claims including bodily injury per person, bodily injury per accident, and property damage per accident.
What do the numbers in 25 50 25 auto insurance mean?
If you have limits on your auto policy of 25/50/25, it means you have $25,000 per person, $50,000 per accident and $25,000 property damage limits. If you cause an accident, your insurance will provide payments up to those limits to the other person(s) for the injuries/damage you caused to them or their property.
What does per person per accident mean?
The per-person limit applies to each person injured in an accident. For example, say your per-person limit is $50,000. That means if one person is injured in a car accident, the most your bodily injury liability would pay for all of their medical expenses is $50,000.
What is the general aggregate limit?
The general aggregate limit is spelled out in the insurance contract and caps the number of covered losses for which an insurer will pay. … A general aggregate limit of liability applies to all types of liability claims that the policy covers, such as property damage, bodily injury, personal, and advertising injury.