The maximum amount the policy will pay for losses to any one person, regardless of policy limits, is called?

The maximum amount the policy will pay for losses to any one person, regardless of policy limits, is called?

• A. Per Person
• B. Aggregate
• C. Combined Single
• D. Pro Rata Liability

Answer: (A)

Per person limit is the maximum amount the liability policy will pay for injuries to a single individual in a single incident. It applies to each claimant separately, so one person can’t receive more than that amount for bodily injury, even if other claimants are also involved. This is set apart from other limits like per occurrence (the total paid for all injuries in that incident) or aggregate (the total paid for all claims during the policy period). A combined single limit would fuse bodily injury and property damage into one overall limit, and pro rata liability refers to how coverage is shared with multiple policies, not to the per-person cap. For example, if the per-person limit is 50,000 and two people are injured in the same accident, each could receive up to 50,000 for their injuries, subject to the per-occurrence or aggregate limits of the policy.

Per person limit is the maximum amount the liability policy will pay for injuries to a single individual in a single incident. It applies to each claimant separately, so one person can’t receive more than that amount for bodily injury, even if other claimants are also involved. This is set apart from other limits like per occurrence (the total paid for all injuries in that incident) or aggregate (the total paid for all claims during the policy period). A combined single limit would fuse bodily injury and property damage into one overall limit, and pro rata liability refers to how coverage is shared with multiple policies, not to the per-person cap. For example, if the per-person limit is 50,000 and two people are injured in the same accident, each could receive up to 50,000 for their injuries, subject to the per-occurrence or aggregate limits of the policy.