What are the three separate coverages of Split Limits Liability on an auto policy?

The correct choice identifies the three components of split limits liability coverage in an auto policy, which are critical for understanding how liability coverage operates in the context of vehicle insurance.

Split limits liability coverage is designed to provide varying levels of protection for bodily injury and property damage. Specifically, this coverage consists of:

1. Bodily Injury per person: This limit specifies the maximum amount the insurer will pay for injuries sustained by any one individual in an accident.

2. Bodily Injury per occurrence: This limit applies to the total amount the insurer will pay for all bodily injury claims resulting from a single accident, regardless of how many individuals are injured.

3. Property Damage per occurrence: This limit indicates the maximum amount the insurer will cover for property damage claims arising from a single accident.

This structure allows policyholders to understand their coverage limits better and helps them make informed decisions regarding their insurance needs. It ensures that the policyholder has sufficient protection against potential claims that can arise from auto accidents, which may involve multiple parties and varying levels of injury or damage.

The other choices do not accurately represent the split limits structure, as they include options like comprehensive coverage and collision, which are types of physical damage coverages rather than liability limits