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What is the difference between liability and medical coverage under homeowners?
Wiki User
∙ 14y ago
Liability = Legal Obligation to Pay.
Medical Expenses = Moral Obligation to pay.
Wiki User
∙ 14y ago
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Horse Legal Liability vs stableman's liability?
Difference between horse liability and stableman coverage
What is the difference between full coverage auto insurance and liability only insurance?
Full coverage auto insurance covers everything. If the car is totaled they will will replace it. Liability auto insurance will only cover medical bills, and not the car if it is totaled.
What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
What are the differences between homeowners and renters insurance?
A homeowner can insure the property and owned contents. A renter does not own the home so they can only insure their own contents. Liability coverage can be purchased on either policy type.
Is there a difference between public liability and third party insurance?
difference between third party liability and public liability
What is the difference between liability insurance and full coverage?
Liability insurance pays for someone else's damages if an accident is your fault but won't cover your vehicle. Full coverage provides liability insurance as above but will also cover your damages to your own vehicle in an accident regardless of whose at fault, as well as theft, fire, etc.
Does homeowners insurance insure the owners for the wrongful death?
Wrongful death will generally be covered by the liability portion of the policy. Many people skimp on this which is very foolish in my opinion. The difference between a $300,000 coverage and $500,000 coverage for a comprehensive policy in CA is about $10/year! I would also recommend looking at a personal umbrella policy. They can be very inexpensive especially if you have sufficient assets for someone to sue you for.
What is the difference between liability insurance and directors and officers liability insurance?
If you mean the difference between General Liability (GL) and Director's and Officer's Liability (D&O), GL typically covers your products, premises and operations, advertising and personal injury liability. D&O covers the liability arising from the operations and decisions of the directors and officers of an organization. Because directors can be personally liable for their decisions, whether for a corporation, limited liability company, non-profit or other form of an organization, D&O provides specific coverage for their liability.
What is the difference between liability and indemnity?
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What is the difference between marine general liability and commercial general liability?
Liability provides coverage for claims or losses in which you can be held liable for damages or in which you have been accused of being responsible. Comprehensive coverage would also provide coverage for other aspects of your business, such as property, inventory, business autos and equipment, cash flow, etc..
What is the difference between a Bodily Injury claim and a Liability claim?
A bodily injury claim is a liablity claim. Most auto policys have three (could be many more) liability coverages; Bodily injury (pays for injuries you cause to another), Property damage (pays for damages to property of others), Uninsured motorist coverage (pays for injuries caused by an uninsured motorist). The bodily injury coverage is one coverage under the liability section of your auto policy.
Will homeowners liability cover wood damage from termites powder post beetles or other bugs?
Termites and InsuranceLiability insurance is coverage for occurrences in which you might be held financially liable. It is not possible to be liable to ones self. If your seeking coverage for a Wood Structure or Property you would look to a Homeowners Policy or some other coverage form in Property Lines. If your a Pest exterminator by trade then you may look to a Commercial General Liability policy that will offer you liability coverage for the work or service you perform on premises and completed operations coverage for after the job is done.Pest ExclusionsUnder Section I - Exclusions of your policy, it will explain that there is no coverage for damage due to rats, mice, termites, moths, or other insects (language varies by state), but there IS coverage for ensuing loss due to collapse of the building or any part of the building. Exterminators LiabilityThe only liability for damage due to termites would be found in a warranty policy from a pest-treatment company who has a contract to treat your home at regular intervals and guarantees their work.
