Under Part F of the Personal Auto Policy, what happens when two or more auto policies are issued by the same insurer for the same auto?

When two or more auto policies are issued by the same insurer for the same vehicle, the correct outcome is that the maximum paid is equal to the limit of the policy with the higher limit of liability. This reflects a principle known as "concurrent insurance" or "overlapping coverage," where the limits of coverage under each policy can effectively complement one another.

In this scenario, the insurer will honor the higher limit of liability that is stipulated in one of the policies. This means that in the event of a claim, the insured can benefit from the greater protection available, ensuring they are provided with the maximum coverage specified in one of the policies rather than merely the minimum limit across all policies. This allows for a more comprehensive financial safety net for the insured when dealing with potential claims.

It's important to note that the other options misinterpret the governing principles of insurance policies and their limits in concurrent situations. Therefore, the interpretation leading to the higher limit as the basis for payouts is consistent with insurance practices regarding overlapping coverage.