QuotesChimp could be forced to pay the difference out of your own pocket if the injured person (or his or her lawyer) decides to pursue you in court. Under a single-limit policy, however, you would have less to worry about because your insurance would be more pro�ductive. Most of your liability coverage could be applied to the seriously injured party, $300,000 in our example, which the victim might be willing to accept as payment in full. At the very least, the amount you could be forced to take out of your own wallet would be significantly less than under the split-limit format.