Sentences with phrase «auto insurance liability means»

Auto insurance liability means that when an accident happens, the driver who is at fault will not be liable to pay for the damages from his own pocket.

Not exact matches

The liability portion of your auto insurance policy is only meant to cover damages you cause to other drivers — not your own car.

However, Texas is fault state for auto insurance, meaning that accidents within Texas must be compensated by the guilty party's liability insurance coverage.

It means that it provides liability protection above and beyond the basic coverage of your standard Homeowners and Auto Insurance policies and comes to the fore in catastrophic situations when primary Liability Insurance is exhausted and a legal award could exceed itliability protection above and beyond the basic coverage of your standard Homeowners and Auto Insurance policies and comes to the fore in catastrophic situations when primary Liability Insurance is exhausted and a legal award could exceed itLiability Insurance is exhausted and a legal award could exceed its limits.

It means that if you are involved in an accident in which you are at fault, and your liability limits of your auto insurance don't satisfy the legal settlement, umbrella insurance covers you up to a much larger amount.

Keep in mind that just because you have met your state's minimum liability limits, it doesn't necessarily mean you have enough auto liability insurance.

This higher risk for auto accidents means the individual driver may be a liability to the insurance company.

Full coverage typically means that your auto insurance policy has both liability coverage and coverage for damage done to your vehicle when in an accident.

These terms basically mean the same thing: liability insurance or third - party auto insurance is the part of your policy that will pay out to third parties in the event of an accident.

The liability portion of your auto insurance policy is only meant to cover damages you cause to other drivers — not your own car.

Liability insurance means you have the auto insurance required to cover any damage to another car for which you may be liable.

Just because you have auto liability insurance does not mean you have the right or the coverage to hop on a motorcycle.

The basic coverages are the same, meaning your RV insurance like auto insurance can pay for damages, injuries, and other losses specifically covered by your policy and those coverages can range from liability (state required coverage), to medical payments, personal injury protection, uninsured / underinsured motorist, collision, comprehensive, towing and labor charges, and rental reimbursement.

Full coverage auto insurance usually means your car is protected from physical damage and from liability.

This means that every driver needs at least $ 25,000 in per person bodily injury, $ 50,000 per accident bodily injury, and $ 25,000 property damage insurance on their auto liability policies [1].

When dealing with the bare minimums for liability coverage, all New Hampshire auto insurance quotes are based on a 25/50/25 model; this means that when an accident occurs and you are at fault, your insurance company will pay the other party up to $ 25,000 per person for bodily injury, up to $ 50,000 for the bodily injuries of 2 or more people, and up to $ 25,000 for property damage.

Just because you have poor credit does not mean you will commit insurance fraud or be a liability to your auto insurance company.

They are the two components of auto insurance that deal exclusively with liability, as in, coverages that are meant to pay for someone else's damage costs.

This means that car owners can take advantage of the relative cheapness of the auto insurance and go for more than just liability insurance.

Washington uses split form auto liability insurance, which means every policy is divided into three parts.

This average combines all common types of auto insurance coverage (liability, collision, and comprehensive), meaning the minimum amount of liability insurance is typically much, much lower than this figure.

The liability insurance provided by auto and homeowners policies is sometimes insufficient to cover a suit, which means your assets and future earnings must cover the rest.

Like everywhere else in Rhode Island, the city of Providence has auto insurance requirements of 25/50/25, which means $ 25,000 per person bodily injury liability, $ 50,000 per accident bodily injury liability, and $ 25,000 for property damage.

That means that you can exhaust the liability limits of your car insurance, use $ 100,000 of the umbrella policy to settle the outstanding medical and property damage claims, and still have coverage remaining to apply to home or auto liability in other cases.