(865) 435-7470
Windrock Insurance
  • Main
  • Contact / find
  • About
  • Companies
  • Quote
  • Vehicles
    • What we cover
    • Auto
    • Teen drivers
    • Cycle/ATV
    • SR-22
  • Home
    • Home inventory
  • Life
  • Business +
    • About business liability insurance
    • Nonprofit organization insurance
    • Professional liability
  • Blog
  • Health
    • Medicare solutions
  • Drip detective
  • Flood
  • Home quiz
  • Insurance for nonprofit organizations of all types
  • OFF-ROAD QUOTE FORM

The beauty of CSL

6/26/2012

3 Comments

 
(If this post doesn't bore you, I worry about you. But insurance is supposed to be boring, as in no surprises.)

You probably have auto liability coverage which is expressed this way: 100/300/100. Here's what it means: $100k of bodily injury coverage per person/$300k bodily injury limit per accident/$100k  of property damage. Here's what it really means: If you cause an accident and three people in the other car have $100k each worth of medical bills as a result and two $50k cars are destroyed -- you're covered. But, what if you hit a pedestrian and he requires $300k worth of medical care or you cause a tractor trailer to turn over carrying $300k worth of televisions? In either case, you're out $200k. Which may mean you lose the house. This is why I'm a big fan of combined single limit liablilty  (CSL) instead of split limit (like 100/300/100)  because in the last two examples you'd be covered fully with CSL. Technically, if everything breaks just right , you have $100k more in coverage with 100/300/100, but there's a reason CSL costs more than split limits -- when the worst happens it's more likely to be fully utilized. 

Remember, you can never have "enough" liability protection, but you do need as much as you can afford. We'd love to talk about it.
3 Comments
Kenneth D Selwyn
4/26/2022 03:27:11 am

i need $300,000 CSL for my new airport shuttle business. only have one car at the moment but car #2 will be added in a few short weeks at most.

Reply
Jocko Cherry
8/15/2022 08:34:30 pm

We need to know how much CSL you're talking about: $100K? $250K? $300K? $500K? Without that, this article is meaningless.

Reply
gothaer link
2/26/2023 11:19:47 am

That is great submit and also i love to learn this kind of submit. your website will be great and you also have got excellent employees within your website. great revealing keep writing.

Reply



Leave a Reply.

    Author

    Owner/agent Brad Isbell is a strange person -- he actually likes to talk and blog about insurance, safety, and saving money.

    Windrock Insurance
    Oliver Springs, TN

    Contact
    Start quote

    Archives

    November 2013
    October 2013
    September 2013
    May 2013
    April 2013
    February 2013
    January 2013
    December 2012
    November 2012
    September 2012
    August 2012
    July 2012
    June 2012

    RSS Feed


Powered by Create your own unique website with customizable templates.