Sentences with phrase «liability coverage»

Liability coverage is a type of insurance that helps protect you against the financial responsibility for damaging someone else's property or causing them harm. Essentially, it covers the costs if you are found legally responsible for an accident or injury. Full definition
If you own a motor home, make sure you carry high limits of liability coverage for bodily injury to others as well as bodily injury caused by an uninsured motorist.
Insurance focusing on liability coverage for injury to other people or their property.
Most insurers first require you to have $ 300,000 or $ 500,000 in liability coverage on your car and home.
Lenders may also require a set amount of liability coverage in the event someone is injured on your property.
$ 25,000 of property damage liability coverage for damage to other people's vehicles or other property in an accident you cause.
With liability coverage included in your home or student renters insurance, the NC insurer will be responsible to pay for some or all of the financial consequences of this kind of legal action.
If you are injured by the negligence of a defendant, we will make a claim under the bodily injury liability coverage of the negligent defendant's insurance policy.
Renters insurance provides liability coverage for your family, and contents coverage for your belongings.
Many states require uninsured or underinsured insurance, and every state requires minimum liability coverage if the vehicle is driven on the road.
Your renters insurance liability coverage also buys a lawyer to defend you if the person who was hurt tries to sue you.
Although a standard policy includes liability coverage as well as coverage for your personal belongings, you can opt for just one or the other.
It also provides personal liability coverage for damage the policyholder or dependents cause to third parties.
But beyond that, it comes with liability coverage as well.
Commercial auto liability coverage protects your company against claims by third parties who seek compensation for bodily injury or property damage sustained an auto accident.
Property damage liability coverage protects you if you are held legally responsible for damaging someone else's property in a car accident.
State law requires liability coverage of $ 20,000 in personal injury liability for a single individual, $ 40,000 for all individuals in an accident and $ 15,000 in property damage liability.
While some insurance companies only offer liability coverage in the amount of $ 100,000, others may offer you the option to purchase coverage as high as $ 300,000.
One of the most common policies is general liability coverage with bodily injury and property damage.
You can also get additional liability coverage from personal injury protection and uninsured / underinsured motorist bodily injury.
Renters insurance liability coverage pays for bodily injury or property damage that you cause to someone else through your negligence.
The policy also provides liability coverage if someone is injured while visiting the rental unit.
How much liability coverage do I need on renters insurance?
High - risk drivers end up paying expensive insurance rates, as majority of today's insurers won't allow you to drive with minimum liability coverage only.
You can protect yourself from such a circumstance by purchasing liability coverage with higher limits, or through an umbrella insurance policy.
When the likelihood of an accident is high, increased liability coverage limits make sense if you own a home or have substantial assets.
But many people wonder how their decisions could impact other people and why they need liability coverage on their policy.
Many people realize, however, that they need more than minimum coverage to fully protect themselves and their assets and often there is much more liability coverage from which to compensate victims.
The following exclusions are found under liability coverage in a typical commercial auto policy.
You don't want to be liable for out - of - pocket payments so make sure your basic liability coverage protects your assets.
Many drivers carry liability coverage at state - required limits to drive legally.
Typically, leasing companies require $ 100,000 of bodily injury liability coverage per person and $ 300,000 per accident, as well as $ 50,000 in property damage liability insurance.
So it is wise to get enough liability coverage so as to protect all of your personal assets.
Full comprehensive coverage can be more expensive than third party liability coverage at face value.
Unless, that is, you have the extra liability coverage provided by an umbrella policy.
More importantly, you also get liability coverage as protection against injury caused to others inside or outside your home.
Every state has minimum liability coverage requirements for its licensed drivers.
The only time it makes sense to get a policy only covering personal liability is when you already have a package policy and need more liability coverage on top of that.
This is where personal liability coverage comes in handy.
If so, then you might want to look at additional physical liability coverage for those «just in case» incidents.
This inclusion alone is highly indicative of how important it is to look into property damage liability coverage when considering getting full coverage car insurance.
This type of coverage helps you pay for medical costs for yourself, while bodily injury liability coverage helps pay for medical costs of other people injured in an accident you caused.
An umbrella - liability policy extends excess liability coverage beyond your basic limit.
Drivers can have more than just liability coverage when they compare automobile insurance prices online.
A personal umbrella policy offers liability coverage beyond the limits of an underlying policy, like car insurance or homeowners insurance.
A local agent can help you learn more about liability coverage options so you can chose the homeowners policy and liability limits that are right for you.
If you have sufficient liability coverage through your own auto insurance, you may not need to buy extra coverage from the rental agency.
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