Florida 2-20 General Lines Agent (Property, Casualty, Commercial Lines and Florida Law)Casualty InsuranceHard

A Florida homeowner has a Personal Auto Policy (PAP) with a split limit of 25/50/25 for Bodily Injury and Property Damage Liability. They are involved in an at-fault accident that causes $30,000 in bodily injury to one person, $15,000 in bodily injury to a second person, and $10,000 in property damage. How much will their PAP pay for the bodily injury claims?

  1. A$40,000
  2. B$50,000
  3. C$25,000
  4. D$45,000
Show answer & explanation

Correct answer: A. $40,000

Split limits are read as: (Per Person Bodily Injury) / (Per Accident Bodily Injury) / (Per Accident Property Damage). In this case, 25/50/25 means $25,000 per person for bodily injury, and $50,000 total for all bodily injury in one accident. For the first person, the claim is $30,000, but the policy pays only up to $25,000 (per person limit). For the second person, the claim is $15,000, which is within the $25,000 per person limit. So, the policy pays $25,000 + $15,000 = $40,000. This amount is also within the $50,000 per accident bodily injury limit.

Why the other options are wrong

  • B. This would be the maximum per-accident bodily injury limit, but the per-person limit restricts the payment for the first injured party.
  • C. This only accounts for the payment to the first injured person, neglecting the second.
  • D. This would be the sum of all bodily injury claims ($30,000 + $15,000), but the per-person limit applies.

PAP Split Limits

Personal Auto Policy (PAP) split limits specify separate maximum payments for bodily injury per person, bodily injury per accident, and property damage per accident.

  • Format: BI per person / BI per accident / PD per accident.
  • Per person limit is the absolute maximum for one individual's BI.
  • Per accident BI limit is the total maximum for all individuals' BI in one incident.

Memory trick: Split limits are 'P.A.P.' - 'Per-person, Accident, Property' damage.

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