Liability protection refers to the legal safeguard that shields individuals or businesses from being held personally responsible for any financial or legal consequences arising from certain actions or situations. It acts as a shield to protect against lawsuits, debts, or losses that could potentially harm your finances or reputation.
Full definition
This feature allows you to simultaneously extend the amount of
liability protection for most if not all of your policies.
And it
provides liability protection for any damage or injuries caused by you, your household family members or your pets, either in or outside the apartment..
If you're a high - net - worth homeowner, you may consider purchasing an umbrella liability policy to provide
additional liability protection for your assets.
Renters
insurance liability protection safeguards you from having to personally cover the financial cost of dealing with civil claims that could come out of liability situations at home.
Working along with
basic liability protection to form what is commonly known as «full coverage» is collision and comprehensive protection.
However, your insurer may require additional
liability protection if business - related visitors come to your home.
For example, an insurer may offer personal
injury liability protection for up to $ 100,000 per injured person, while another may have a higher limit, such as $ 200,000.
Property
damage liability protection comes in handy when you're at fault in a collision that causes damage to another person's vehicle or other property.
If you have children or do a lot of entertaining, you should consider physical
liability protection on top of your house renters insurance.
Personal
Liability protection covers damages that the policyholder and family members (including pets) might be at fault for such as medical bills or damage to someone else's personal property.
Renters can also benefit from physical
liability protection which pays for any medical or legal fees that occur is you or someone else is seriously injured in your home.
You may also want to consider personal
liability protection when looking into fast rental insurance quotes, which acts as liability coverage if you or a guest is seriously injured in your rented condo.
When you purchase umbrella coverage, you get additional
liability protection beyond what's provided by your primary home or auto insurance policies.
Commercial auto insurance includes
added liability protection to keep your finances safe, as well as coverage for the employees and customers who use your vehicles from day to day.
Most condo policies also offer
family liability protection, which can help protect you if you're found responsible for someone's medical bills resulting from an accident in your home.
It will also
extend liability protection to you and your family if you are found responsible for damaging your rental property or if someone is injured in your home.
It also offers
liability protection because your business is a separate entity, which protects your assets including your house, car and savings.
Physical
liability protection takes care of the medical and legal fees incurred if someone is seriously injured in your rental unit.
To protect against this unique exposure, our team of experienced brokers can provide comprehensive
excess liability protection for these and other unique and complex risks.
Many business owners decide to invest in an umbrella liability policy, which provides additional
liability protection over and above the basis underlying policy limits.
For example, while a given car insurance policy may offer a certain amount of personal injury
liability protection per person, it may also have a limit per accident.
Phrases with «liability protection»