Portion of your insurance that pays for property damage and injury to a party you are involved in accident with that is your fault. Usefulness: N/A(1 rating) by Andersen777 () Rate It! this definition is ... useful somewhat useful incorrect spam / offensive
A promise from an insurance company to pay for damages (within the limits stated on the policy) for bodily injury or property damage for which the law holds the policyholder responsible because of an accident involving an insured car. In West Virginia, the minimum auto requirements are $20,000 per person, $40,000 per accident and $10,000 in property damage.
Insurance that pays your legal defense costs and claims made against you, when you are responsible for an accident in which you have injured or killed someone or damaged their property.
The liability coverage of the commercial auto policy provides protection against legal liability arising out of the ownership, maintenance, or use of any insured automobile. The insurer agrees to pay damages for bodily injury or property damage for which the insured is legally responsible because of an automobile accident with a covered auto of the insured. The insuring agreement also states that in addition to the payment of damages for which the insured is legally liable, the insurer also agrees to defend the insured for all legal defense costs. The defense costs are in addition to the policy limits. Back to list of terms.
Automobile liability coverage will apply if an insured person or business is responsible for hurting someone else or damaging someone elseâ€™s auto or other property as a result of an auto accident.
Insurance covering injuries to another person or damage to another person's property for which the insured is legally liable.
Pays for injuries caused to others or their property if you or someone else cause an accident while driving your car. Different states have different liability requirements. For example, 25/50/25 means liability limits of $25,000 per person for bodily injury, $50,000 limits per accident for bodily injury, and $25,000 limit for property damage.
Insurance that pays another person for losses that you accidentally cause or for twhich your are found liable.
Insurance which pays the losses of other people to whom you unintentionally or through negligence cause injury. (a) Bodily injury liability coverage pays medical costs of others and your legal defense costs if you physically harm someone; (b) Property damage liability coverage pays claims against you if you damage someone elseâ€(tm)s property. NEGLIGENCE: Failure to exercise a generally accepted level of care and caution.
This coverage pays for damages you cause to other people and their property.
Pays for damage to other party's property and any injury to them if you or someone else driving your car cause an accident. It protects your assets in the event you are held liable for damage to others.
protection against claims for injury to a person or damage to property
Insurance protection against injury and damage claims by third parties, available as option for car rentals.
Protects you from third-party claims made against you, when you are responsible for an accident that results in serious injury or death to others or damage to their property.
This is the amount that the provider pays if you are responsible for the damages to the other vehicle/s involved in the accident.
The liability coverage of the personal auto policy provides protection against legal liability arising out of the ownership or operation of an automobile. The insuring agreement agrees to pay damages for bodily injury or property damage for which the insured is legally responsible because of an automobile accident. The liability limit can be written as a single limit that applies to both bodily injury and property damage. The policy can also be written with split limits in which the limits of insurance for bodily injury and property damage are stated separately. The insuring agreement also states that in addition to the payment of damages for which the insured is legally liable, the insurer also agrees to defend the insured for all legal defense costs. The defense cost is in addition to the policy limits. Back to list of terms.
Protects consumers from financial obligations to cover physical injury or property damages that occur in an accident. Most insurance quotes include bodily injury and property damage clauses.
Liability coverage protects you from having to deplete your assets to pay for damages if you are held responsible for injuries or damages arising from an auto accident. The two main types of liability coverages in an auto insurance policy are bodily injury and property damage. Arizona law currently requires vehicles to carry a liability insurance policy with a minimum of $15,000 for one person and $30,000 total per accident for Bodily Injury coverage. This policy also must carry a minimum of $10,000 for property damage coverage. This is often referred to as "15/30 10". | Back
Insurance which pays other people's losses which you have caused unintentionally or through negligence. a) Bodily injury liability coverage pays medical costs of others and your legal defense costs if your car injures or kills someone; b) property damage liability coverage pays claims against you if you damage someone else's car or property.
Liability insurance protects you from having to pay damages to people if you have been found responsible for unintentionally injuring them or their property. For example, if someone slipped on your kitchen floor and broke his/her leg, you would need liability insurance to protect you if he/she sued you and the courts ruled it was your fault.
This is usually an insurance policy that movers carry to cover accident damage, and/or damage to a building. It is a good idea to request a copy of the current insurance certificate to insure that this coverage is in place. Also make sure the mover has "Workers Compensation Insurance." If the mover is not covered and one of his employees is hurt during your move, your Workers Compensation Insurance may be charged.
Insurance coverage for injuries or losses sustained by the public when on an individual's property.
Coverage that insures against damages (to other party) for bodily injury or property damage when you are legally responsible for an auto accident.
This insurance provides compensation to others for damages for which you are legally responsible, like their bodily injury or damage to another's property. Liability covers these claims whether or not the damage was caused through your negligence.
Insurance that provides compensation for a harm or wrong to a third party for which an insured is legally obligated to pay.
Insurance which pays the losses of other people, which you caused unintentionally or through negligence.
Auto liability coverage will apply if a member or its employee is responsible for hurting someone else or damaging someone else's auto or other property as a result of an auto accident.
A type of insurance that pays or renders service on behalf of the insured for any loss or damage due to his or her negligence.