Per person limit is the maximum amount the insurer will pay for one person's injuries.
per occurrence limit
Per occurrence limit is the maximum amount the insurer will pay for all claims resulting from a single occurrence, no matter how many people are injured, how much property is damaged, or how many different claimants may make claims.
Additional Information
Per occurrence limits are normally used with commercial general liability insurance.
Related Terms
Many auto insurance policies use the split limits approach, which combines the per person and the...
Auto insurance policies may have split limits or combined single limits.
General aggregate limit is the maximum limit of insurance payable during any given annual policy...
