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As the name suggest, this refers to the amount (limit) of money an auto insurance company, based on the insurance policies, can pay as a liability coverage for both bodily injury and property damage.
The amount of coverage may differ from insurer to insurer, as this is based on the insurance terms and conditions as well as the policies of the insurance companies.
It is different from that of the split limit policy where the amount for liability payment limits of property damage and bodily injury are paid separately.
The amount of coverage may differ from insurer to insurer, as this is based on the insurance terms and conditions as well as the policies of the insurance companies.
It is different from that of the split limit policy where the amount for liability payment limits of property damage and bodily injury are paid separately.
Posted in: Glossary of Auto Insurance (C)
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