If your quotes are correct, it is likely that the actuaries have determined that the CSL limits will result in higher claims payments due to the flexibility of the single limit compared to split limits. This is more likely driven by the 250k limit per person, rather than the 100k limit on PD.Thank you for your reply. What seems odd is that from an online quote I did comparing a $500K CSL policy to a 250/500/100 policy, the CSL was more expensive, but the company is liable for $600K in the split limit policy, and only $500K in the CSL.Also following this. In quickly searching about it, it seems the consensus is CSL is strictly better than split limits and businesses like trucking companies use it. In other words, it doesn't seem there is a situation where exhausting the $250K on a 250K/500K/100K policy would ever put you in a better place than having a $500K policy.
Personally, I have a 300/300/100 policy and an umbrella on top of that, rather than going to 500K CSL.
Statistics: Posted by Alan S. — Sun Dec 29, 2024 2:53 pm — Replies 4 — Views 214