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I don't see any need for liability insurance in the case you described. In cases where you have a homeowners association or a condo owners association and they own common property such as a swimming pool, parks, roofs, sidewalks, etc. then they would have a need for both property and liability insurnance to cover these areas. This is what you dues are in place to pay for as well as maintenance.
What else can I help you with?
What is the penalty for not having liability insurance?
The penalty for not having liability insurance varies by state, but common consequences include fines, license suspension, and vehicle impoundment. It is illegal to drive without liability insurance in most states, so it is important to have coverage to avoid these penalties.
Where can I learn more about personal liability insurance?
Personal liability insurance is a common type of insurance, and just about every agency from Allstate to Geico and State Farm can provide you with the information you're looking for.
Where can a Homeowner's Association purchase insurance for a summer outdoor pool?
Local independent insurance agents are able to place "package policies" which include common area property values, common area general liability and swimming pool liability.
How General Insurance Can Protect You?
"General insurance" is the umbrella term used by the insurance industry to describe all policies other than life insurance policies. This includes various types of insurance for individuals as well business policies. The two most common types of general insurance for individuals are automobile insurance and homeowners insurance, both of which can include property and casualty coverage. The two most common types of general insurance available for businesses are commercial auto liability and commercial general liability. Other commercial general insurance products include premise liability, professional liability, product liability and operations liability. An increasingly popular commercial product is business interruption insurance that provides the business owner with income should a disaster fall that is covered by other parts of his or her policy.
If you only have liability insurance will it pay your hospital bill?
No. Liability insurance is only for injuries and damage suffered by others. So if you are injured and it's the other driver's fault, then their liability coverage will pay your medical bills. But if the other driver doesn't have liability insurance, which is illegal nearly everywhere but still pretty common, then you're in trouble. If you're at fault, then your own liability insurance does nothing. You could sue the responsible driver to get the money. Since people who don't have insurance tend not to have a lot of spare money, you will likely end up relying on your own health insurance. You could also buy Uninsured Motorist insurance for bodily injury as part of your car insurance, which pays for your health costs if you get hit by a driver without insurance. Personal Injury Protection insurance can also be bought as part of your car insurance, which pays the health bills of an insured driver, regardless of who is at fault.
Can a third party be named as additionally insured for professional liability insurance on a certificate of insurance?
Yes, a third party can be named as an additional insured on a certificate of insurance for professional liability insurance, but this is less common than with general liability insurance. The specific terms and conditions depend on the insurance policy and the insurer's guidelines. It's essential for the third party to request this endorsement and ensure that it aligns with their contractual requirements. Always consult with the insurance provider to confirm coverage details.
What insurance is the most important for small businesses?
The most important insurance that a small business can have is public liability insurance as accidents can happen and this is the most common accident that will happen that will result in a pay out.
What type of insurance coverage includes injury or damage coverage?
Liability insurance coverage typically includes injury or damage coverage. This type of insurance protects individuals or businesses against claims resulting from bodily injury or property damage caused to another party. It can cover legal fees, medical expenses, and any settlements or judgments awarded in a lawsuit. Common examples include auto liability insurance and general liability insurance for businesses.
What are common classifications of torts?
Common classifications of torts include intentional torts (such as assault, battery, and false imprisonment), negligence (failing to meet a reasonable standard of care), and strict liability (liability without regard to fault, commonly seen in product liability cases).
Where do you find general liability Insurance for your exotic animals?
This is not common like Homeowners, so you will probably have the best luck going to an independent insurance agent with access to a few MGA's (Managing General Agencies) who have access to a Liability market (insurance company) for this. You might also consider Animal Mortality coverage. See link below.
What do liability and fixed liability have in common?
no, never
What is liability class code for towing?
The liability class code for towing services typically falls under the category of "Towing and Recovery" or "Garage Liability." In the United States, this can vary by state and the specific insurance provider, but common codes include 7540 or 7542. It's essential to check with your insurance company or state regulations to ensure accurate classification for coverage purposes.
