This party and their insurance carrier then assumes the financial responsibility for the medical expenses and property damage repair costs of all other parties involved in the accident. (carinsurancequote.net)
The liability insurance usually takes care of damage repair costs of your car in an accident that was caused by the other party's fault. (autoquotenow.com)
An individual's vehicle insurance company is responsible for only for the medical expenses and property damage repair costs for that one individual. (carinsurancequote.net)