A liability policy has one policy limit that applies to both bodily injury and property damage losses. This is an example of a

A split limit policy divides the coverage into separate limits for different types of losses, typically specifying distinct amounts for bodily injury and property damage. For example, a policy might state limits of $100,000 for bodily injury per person and $300,000 total for bodily injury, along with a separate limit for property damage. This structure is not what is described in the question.

The term "combo limit policy" is not a standard designation in insurance terminology. While it might imply a combination of different types of coverage, it does not specifically refer to a single limit applied to both bodily injury and property damage. Thus, it does not accurately describe the policy type mentioned in the question.

A contributory limit policy does not exist as a recognized category in insurance. This term could suggest a scenario where limits are shared or contributed among multiple policies, but it does not apply to the context of a single limit for bodily injury and property damage losses as described in the question.