The combined limit of your insurance is the maximum amount the policy will pay for all expenses relating to bodily injury or property damage. For example, a $500,000 policy will cover all related expenses up to $500,000.
A split limit of liability separates the maximum coverage based on the type of expense. It will have three numbers and look something like this: $100,000/$300,000/$100,000. The first number is the maximum that one person injured in an accident will receive. The next is the maximum coverage that all parties injured in an accident receive. The final number is the maximum coverage for property damage.