"Auto liability" refers to the legal and financial responsibility that a person or entity has in case they cause damage or injury to others while driving a vehicle. It means being accountable for the harm caused and potentially having to compensate the affected party for their losses or medical expenses.
Full definition
Although the requirements for
auto liability insurance coverage vary considerably state to state, every state requires similar types of liability coverage.
Even if you don't own them, vehicles you use in your business should be insured for commercial
auto liability coverage.
The third and final portion of a split - limit
auto liability policy is the one dealing with loss to personal property.
Minimum policy limit requirements
for auto liability insurance vary by state; however, all states require the same type of liability coverage.
All states require a minimum amount
of auto liability insurance coverage for any vehicle that is driven on state roads and highways.
The chart above provides a state - by - state overview of minimum
auto liability limits and the insurance required by state law.
The Basics
On Auto Liability Insurance Liability coverage will protect you from financial loss when you are at fault in an accident.
This coverage is provided via an exception to a contractual liability exclusion that appears
under auto liability coverage.
Take car insurance, for example: Each state
requires auto liability coverage and sets minimum limits that drivers must purchase.
Most states require some form of
personal auto liability coverage with provisions for protecting the covered policy holder from personal responsibility in the event of an at - fault accident.
Provides auto liability coverage for short - term auto rental or for employees using their personal auto during the course of business.
Business auto liability insurance helps cover the financial responsibility if you or an employee is at fault in an accident and people are injured or their property is damaged.
In some cases, umbrella insurance providers will require that existing coverage, such
as auto liability insurance, exist at certain levels prior to the purchase of an umbrella policy.
Auto liability portions of a Keystone car insurance policy protect you from personal financial distress above all else.
It is generally advisable to opt for a commercial auto insurance policy as an ice cream truck owner because these plans have better access to
higher auto liability limits.
The act of driving
without auto liability insurance is a misdemeanor in the state, and those who are caught driving without insurance are hit with a mandatory fine of at least $ 150.
Beginning with
mandatory auto liability insurance and moving to other optional areas of protection, auto coverage for state drivers protects them in a variety of ways.
When
obtaining auto liability coverage, many people turn to car insurance agents to assist them in choosing and securing the proper policy.
It is extremely important to have
enough auto liability insurance protection to withstand this type of civil assault.
Additional areas
beyond auto liability are needed for the insured party to have any kind of coverage at all protecting them from costs of car accidents like medical care and auto repairs.
For people looking for
cheap auto liability insurance, there is little you may be able to do about this.
Since auto liability coverage is required for all drivers in virtually every state across the country, the best place to start in evaluating your car insurance needs is your liability coverage.
Conducted investigations
into auto liability claims, including analyzing data to determine extent of company's liability for loss and damages.
If you are starting a new trucking company one of the biggest challenges is
finding auto liability insurance for your new company.
For full coverage south of the border, drivers should purchase a
separate auto liability policy from a Mexican insurer.
It does not cover injuries to the policy holder or anybody else that is under the
same auto liability insurance plan.
You'll still have to pay for your
underlying auto liability insurance coverage, though, and you may face additional costs due to your traffic violation.
Your
specific auto liability insurance coverage will vary depending on the state you live in, the make and model of your vehicle, and other factors.
Phrases with «auto liability»