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The better choice is not simple to pick out
If you look at your automobile insurance policy's Declarations, your Liability limits most likely look very much like one of these three choices:
At the gut level, a typical consumer sees ''100/300'' and thinks "I have $300,000 worth of coverage." Which is correct. Except that its not. Its more complicated than that.
Even though its known as ''100/300'', there is that third limit in there that people don't vocalize when they use the shorthand reference. In the case of this example, its $50,000, so ''100/300'' is really ''100/300/50'', fully written out. Having gotten that out of the way, what do each of the three numbers mean?
Split Limits Not Good Enough?
It is easy to concoct a scenario where the coverage limit described above - which is extremely common - is inadequate. If for example you bash into (and total) a brand-spanking-new Corvette, that $50,000 Property Damage limit is not going to cover the entire loss (hence the reason you select a higher Property Damage limit).
A Combined Single Limit is one solution to the above scenario. With CSL limits your Liability insurance limits look like this:
No sub-limits. Whatever needs it gets it up to the policy limit of $300,000. That is simpler to understand, to be sure, and it does seem to be a better way to do the same job, which partly explains why such policies tend to be more expensive.