In a Split Limits liability policy, what are the minimum limits required by Utah law?

In Utah, the minimum limits required by law for a Split Limits liability policy are designed to ensure that drivers have sufficient coverage in the event of an accident. The correct answer reflects the state’s requirements for bodily injury and property damage liability coverage.

A Split Limits liability policy breaks coverage into three components: the amount for injury to a single person, the total amount for injuries in one accident, and the amount for property damage. The figures in the correct answer represent these minimum thresholds that the state mandates to protect individuals and assets in the event of an accident.

The first part, which is $25,000, is the limit for bodily injury per person. The second part, $65,000, covers total bodily injury liability per accident, meaning this is the maximum that the insurer will pay for injuries in a single accident, regardless of the number of individuals involved. Lastly, the property damage limit of $15,000 signifies coverage for damage to another person's property as a result of the accident.

This structure is essential for promoting responsible driving and ensuring that victims of a traffic accident have access to compensation for their injuries and damages, thereby minimizing the financial risks for both the policyholder and the public. By setting these legal requirements, Utah aims to protect its residents