"Damage liability" refers to the legal responsibility or obligation to pay for or compensate for any harm or losses caused to someone or something. It means that if you are liable for damages, you are financially responsible for the costs and consequences resulting from any damage you have caused.
Full definition
$ 25,000 of property
damage liability coverage for damage to other people's vehicles or other property in an accident you cause.
The radar - based system with adaptive cruise control is associated with a 13 percent decrease in property
damage liability claim frequency and a 27 percent decrease in medical payment claim frequency.
This entails $ 10,000 of property
damage liability as well as $ 10,000 of personal injury protection.
In the example $ 100,000 / $ 300,000 / $ 50,000, the third number indicates that the policy will pay up to $ 50,000 in property
damage liability per accident.
Property
damage liability helps cover costs, such as repairing a home or retail establishment damaged by a vehicle crash and repairing the vehicles of other drivers involved in the accident.
In this state, a motorist is only required to maintain a physical
damage liability policy in the amount of $ 10,000.
The bodily injury and property
damage liability portion of the general business liability insurance DE policy generally covers physical injury to a person other than an employee at your place of business.
Another important coverage option is property
damage liability which will pay for the costs and repairs of other people's property if you are at fault for the accident.
Liability insurance is typically divided into two sections, which are bodily injury liability protection and
physical damage liability protection.
The state minimum level of coverage for property
damage liability went up from $ 10,000 to $ 25,000 as a result of the auto insurance legislation.
The state mandates that a driver have bodily injury liability and property
damage liability before registering his or her car.
A comprehensive car insurance policy is offered by the insurer that covers
own damage liability as well as third - party legal liability.
My car and three other parked vehicles were struck by a vehicle which was only insured for property
damage liability up to $ 10,000.
Property
damage liability entails you to be accountable for any expenses resulting from damage that you are responsible of.
Property
damage liability refers to the replacement and repair of other people's property if you are found liable in an accident.
Property
damage liability handles construction repair that a building may need if the car accident comes a little too close to the local restaurant.
Property
damage liability extends the repair beyond a standard automobile, and allows houses, apartments, businesses and even landscapes to be covered if they are damaged by the car accident.
Those three parts are all single accidents limits; and they are single victim bodily injury, multiple victim bodily injury, and property
damage liability plans.
In comparison, with property
damage liability insurance, you choose a maximum limit, and if you damage someone else's car, your policy will pay up to your limit amount.
Drivers ages 60 - 64 have the lowest rates of property
damage liability claims and collision claims per insured vehicle year.
• Property
damage liability pays if you are held legally responsible for damaging another person's property while driving.
In the example $ 100,000 / $ 300,000 / $ 50,000, the third number indicates that the policy will pay up to $ 50,000 in property
damage liability per accident.
This usually includes property
damage liability as well as bodily injury liability and uninsured motorist coverage in some states.
Some companies offer a single limit of $ 35,000 which meets the bodily injury liability and property
damage liability minimum requirements.
Remember, collision coverage helps protect your vehicle, while property
damage liability helps pay for damage you cause to another driver's vehicle.
Most collision policies will pay whether the accident is your fault or not, though if it is not your fault the other driver's property
damage liability policy must pay first.
Just like with bodily injury coverage, property
damage liability does not cover your own vehicle or property.
If you cause any damage to another person's property while driving your car, the property
damage liability portion of your auto insurance will cover the costs of the damage.
Phrases with «damage liability»