The maximum amount that coverage will pay for loss to any one injured party regardless of overall policy limits is known as the:

The maximum amount that coverage will pay for loss to any one injured party is referred to as the per person limit. This limit is crucial in determining the maximum payout for claims arising from a single individual's injury in a liability policy.

For instance, if a policy has a per person limit of $100,000, it means that no matter how many individuals are involved in an accident or how significant the claims for a specific individual might be, the insurer will only pay up to that specified amount for injuries sustained by that one person. This is an essential aspect of liability coverage, ensuring that there is a defined cap on potential payouts for individual claims, which helps insurers manage risk and formulate premiums.

In contrast, other options represent different concepts within insurance coverage. The aggregate limit is the total amount an insurer will pay for all claims during a policy period, whereas a split limit indicates separate limits for different types of coverage within a policy, such as bodily injury and property damage. The per occurrence limit refers to the maximum amount the insurer will pay for any single event, which can cover multiple injured parties but is not designated for individual claims like the per person limit.