An auto liability policy with split limits of 10/20/5 would pay how much in the event of a $10,000 loss to the other person's damaged vehicle?

The split limits of an auto liability policy indicate separate maximum amounts that the policy will pay for bodily injury and property damage. In the case of a policy with limits of 10/20/5, the numbers represent the following:

• The first number (10) is the maximum amount the policy will pay for bodily injury per person.

• The second number (20) is the total maximum for bodily injury per accident, covering all individuals involved.

• The third number (5) is the maximum amount the policy will pay for property damage per accident.

Given a $10,000 loss to another person's damaged vehicle, the relevant limit is the property damage amount, which, in this case, is $5,000. Therefore, the highest the policy will cover for property damage to another party's vehicle is $5,000. Since the loss exceeds this limit, the policy would only pay out the maximum amount allowed, which is indeed $5,000.