What is the split limit in the State of Texas?

In the context of auto insurance in Texas, the split limit refers to the maximum amount an insurance policy will cover for different categories of liability claims. The format typically indicates three separate figures: the first figure represents the maximum amount paid for a single person’s injuries, the second figure signifies the maximum amount paid for all injured parties in a single accident, and the third figure represents the maximum amount covered for property damage.

In Texas, the commonly recognized split limit of 100/300/50 means that the insurance policy would cover up to $100,000 for injuries to one person, up to $300,000 for injuries to all individuals involved in an accident, and up to $50,000 for property damage. This level of coverage is consistent with the minimum liability requirements set by the state.

Understanding this breakdown is crucial for policyholders because it influences the potential financial protection available in the event of an accident. A higher split limit can offer more extensive coverage, thereby providing greater security against out-of-pocket expenses arising from liability claims.

This interpretation aligns with Texas laws that mandate financial responsibility for drivers, ensuring they have sufficient coverage to meet potential liabilities stemming from vehicular accidents. The other options provided do not align with the typical standards for split limits in