0
Does all general liability insurance cover damage at depreciated value?
Wiki User
∙ 14y ago
General liability insurance does not provide property coverage, except for 3rd party claims alleging property damage due to the insureds' negligence.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What kinds of insurance policies can have property damage liability insurance as a part of the policy?
Obtain third party prices from general product insurers here! Rated auto car group comparison of general liability insurance quotes and instant product liability insurance rates for women. Luxury employers accident liability insurance estimates in ins commerce and public liability insurance for business liability insurance
Does general liability insurance cover theft?
No. When you get liability insurance, you are basically getting insurance for everyone else on the road that you may cause damage to. It does nothing to protect you from theft, vandalism ect.
What are the main rules used by contractors general liability insurance?
Contractors general liability insurance is based on one of two things, total receipts or payroll and cost of subcontractors. Contractors general liability insurance covers a company if their employees get hurt on the job or cause damage to a property while working.
What is the difference between general liability insurance and cargo insurance?
General liability refers to products completion and labor, while cargo is specific to transportation, such as hauling equipment or goods. The cargo insurance would kick in if there was damage to the goods in transit. General liability would cover goods in your warehouse or on the docks.
What does general liability insurance typically cover?
General liability insurance typically covers a third party from putting a claim against a companies operations. Some of the things that can be covered are property damage and bodily injury.
What is PLPD?
Public Liability and Property Damage insurance. Bascially liability insurance.
What in the world is commercial general liability?
Commercial general liability is an insurance policy that protects a business against lawsuits that pertain to bodily injury and property damage that may have come from the business.
If you have general liability insurance why do you need employment practices liability insurance?
Because some of the types of losses covered by General Liability Insurance are excluded. It does not cover you for discrimination or other illegal acts on the part of the employer. Read your General Liability policy and you will see it is for premises liability and property damage as well products completed and injury to your customers. Employment Practices Insurance covers liabilities that could arise from the way you hire and fire your own employees.
What are two types of car liability insurance?
Bodily injury liability and property damage liability.
How is general liability insurance different from public liability insurance?
Technically, there is no difference between the two, besides the fact that many of the public and product liability risks are often covered together under a general liability policy. These risks may include bodily injury or property damage caused by direct or indirect actions of the insured. You can read more about public liability insurance on the Bizcover website in related links
Will liability insurance pay off your vehicle if it is totaled?
Your own liability insurance will never pay for the damage to your property or for your medical expenses. Your collision insurance pays for damage to your property, if it is your fault. Your Uninsured Motorist Insurance or Underinsured Motorist Insurance pays for damage to your property if caused by someone else who is uninsured or under-insured. Your liability insurance will pay for the damage to someone else's property or for someone else's medical expenses, if it is your fault. Someone else's liability insurance will pay for the damage to your property or for your medical expenses, if it is their fault.
What two states that do not require liability insurance?
Auto insurance coverages fall into some broad categories. They are, in general, Medical Payments, Collision, Comprehensive, Liability (Bodily Injury and Property Damage), Uninsured/Underinsured Motorist, Rental Car, and, if you live in a no-fault state, Personal Injury Protection (PIP). BODILY INJURY LIABILTY INSURANCE. All states require bodily injury liability insurance, except for Florida (a no-fault state) and New Hampshire. As of June 1, 2010, Wisconsin now also requires bodily injury liability insurance. PROPERTY DAMAGE LIABILITY INSURANCE. Property damage liability coverage addresses the costs of damages to the other driver's vehicle or property should you be involved and found at-fault for an auto accident. Commonly, property damage liability insurance also covers the damage caused by other authorized drivers of your vehicle. Currently, all states require property damage liability insurance.
