What does split limit coverage generally consist of?

Split limit coverage typically consists of three distinct limits related to liability insurance for bodily injury and property damage. These limits are defined as follows: one limit applies per person for bodily injury, another limit serves as a total limit for all bodily injuries per accident, and a final limit is designated specifically for property damage. This structure is designed to provide protection that considers both individual claims and total claims arising from a single incident, effectively addressing the varied nature of potential liabilities.

The other options do not accurately reflect the components of split limit coverage. A single comprehensive limit suggests a unified cap on liability without differentiating between types of claims, which is characteristic of single limit coverage. A limit for property damage only emphasizes one aspect of liability coverage and overlooks bodily injury considerations. A combined limit and a deductible implies a different structure that merges limits and involves out-of-pocket expenses, which does not represent the fundamental concept of split limits. Therefore, the selection of a limit for each person, a total limit, and a property damage limit accurately captures the essence of split limit coverage.