A single dollar limit applying to the total damages for bodily injury and property damage combined from one accident is called?

A single dollar limit applying to the total damages for bodily injury and property damage combined from one accident is called?

• A. Combined Single
• B. Aggregate
• C. Per Occurrence
• D. Per Person

Answer: (A)

A single limit that covers both bodily injury and property damage from one accident is known as a combined single limit. This means there is one dollar amount that caps the total payout for that event, regardless of how many people are injured or how much property is damaged. It’s different from aggregate limits, which cap what the insurer will pay for the entire policy period, and from per person or per occurrence limits that apply separately to bodily injury or property damage. The essential idea is that the total damages from a single incident are limited by one single amount.

A single limit that covers both bodily injury and property damage from one accident is known as a combined single limit. This means there is one dollar amount that caps the total payout for that event, regardless of how many people are injured or how much property is damaged. It’s different from aggregate limits, which cap what the insurer will pay for the entire policy period, and from per person or per occurrence limits that apply separately to bodily injury or property damage. The essential idea is that the total damages from a single incident are limited by one single amount.