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If you only carry liability insurance, that is all that the insurance company is liable for in this state.

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โˆ™ 2009-10-28 14:58:00
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Related questions

Who is liable if you borrow someone?

Liability always rests with the at fault party. The insurance company covers the property not the person.


What can be done with a totaled vehicle under lien and only liability insurance?

If the accident is your fault, your insurance company is not going to pay out anything. If it is the other person's fault, the other insurance company will be liable.


What does the finance company do when a car is totaled and there is no collision insurance?

If the driver was uninsured or only had liability insurance, they would be liable to still pay the finance company back or face a lawsuit.


What is limited Liability insurance?

Limited liability is a concept whereby a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership with limited liability. A shareholder in a limited liability company is not personally liable for any of the debts of the company, other than for the value of his investment in that company. The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimited liability).


What is Difference between limited liability company and limited liability company?

A company can be a limited or unlimited. Limited liability company is one which limits the liability of the members(shareholders) by (1) limited by shares or (2) limited by guarantee. Therefore Company limited by guarantee is a type of limited company which means the liability of the members' is limited by the guarantee given by them while becoming the member. The members have agreed to be liable to the company at the time of liquidation of the company upto an amount for which he is liable and does not have any other liability. Limited by shares means the member (shareholder) is liable for the value of the shares only. Members of the company with unlimited liability has unlimited liability for which they are liable even from their personal property if required.


What is the difference between limited liability and unlimited liability company?

A company can be a limited or unlimited. Limited liability company is one which limits the liability of the members(shareholders) by (1) limited by shares or (2) limited by guarantee. Therefore Company limited by guarantee is a type of limited company which means the liability of the members' is limited by the guarantee given by them while becoming the member. The members have agreed to be liable to the company at the time of liquidation of the company upto an amount for which he is liable and does not have any other liability. Limited by shares means the member (shareholder) is liable for the value of the shares only. Members of the company with unlimited liability has unlimited liability for which they are liable even from their personal property if required.


What insurance company is liable if a pedestrain is hit by a car?

The driver who hit the pedestrian is liable, not their insurance company. The drivers insurance company will normally be responsible for payment of valid claims up to the policy limits for which the their insured driver is found liable.


Will general liability insurance cover you if you get hurt?

No, General Liability would cover others for whom you are financially liable. It is not possible under construct of law to be liable to ones self.


What is vehicle liability insurance?

Vehicle liability insurance is insurance that only covers the other car. That means that if you get in a wreck, you are liable for what happens to your car. It also means that that your insurance company will pay for the damages to the other person's car if the accident is found to be your fault, but if it is the other person's fault, then their insurance will pay for the damages to your car.


If the driver of a car is liable for an accident who is liable the owner of the car or the driver's insurance company?

The owner of the car is liable for the accident itself and the damage. However, the insurance company might have to pay for it, depending on the owners insurance cover.


What is the difference between a Ltd company and a none Ltd company?

Ltd is an abbreviation for Limited Liability; a limited company has limits to its liability; if the company goes bankrupt, or is sued, the liability does not extend to the shareholders in the company. A non-limited company; usually sole traders or partnerships, has unlimited liability - if a plumber floods your house, he is liable and you can sue him. Most non-limited companies have insurance to cover this kind of eventualility.


Does home owners insurance cover a person getting hurt on your property?

Yes, if you carry liability insurance on your homeowners policy and you are found liable for an injury to another while on it your insurance company would respond to a notice of loss.


What should you do if your neighbor's tree was hit by lightning and fell damaging your home and his insurance says they are not liable and your insurance rates will go up if you make a claim?

Call your insurance company and let them duke it out with his. If it is his tree...his liability insurance will pay. 4lifeguild


If your car is hit and you have no insurance is the other person liable for damages?

If someone causes damages to your property, they are liable. This means, however that you have to deal with their insurance company directly, rather then your insurance company doing it for you.


If an insurance company has a contractor do a job that includes poor workmanship will the insurance company be liable for any future damage due to the poor workmanship?

This depends on what your local or state law allows. If an insurance company direct the work of a contractor, there may be a liability issue , which depends on the argument of the law in your state.


What if someone falls on your property and gets hurt?

you are liable and on your homewoners insurance has medical pay and liability.


What are the 5 transgressions that could hold a company's director liable for prosecution?

abusing the juristic liability of the company


Does liability insurance cover your car if you are at fault?

Your liability portion of your auto insurance pays for injury and damages for which you are liable to others. Your Comprehensive and Collision portion of your auto policy will cover your own vehicle. One can not be liable to ones self. If you have "liability only" coverage, then their is no coverage for your own vehicle if you were at fault.


Why do you need liability insurance on land you do not use?

Liability insuranceIn the Unites States, a landowner can sometimes be held liable for certain occurrences on the owned land. A Landowner is typically NOT held liable for the actions of tenants. This is what Renters Insurance is for. A Tenant can purchase property and liability insurance on a tenants policy. A property owner also is Typically NOT liable for the actions of criminals or others that may have entered your property illegally.So while its a good idea to maintain some type of Liability Insurance for Vacant Land to cover some occurrences where the owner might be liable. One should not presume that the property owner is liable for anything and everything that might occur on the property.


What does liability insurance protect against?

You can be sued for injuring someone, even unintentionally (as when someone gets hurt on your property). Then you are liable for damages. Liability insurance pays the damages if you lose a lawsuit.


Is your insurance company get notified of a parking ticket?

No, an insurance company does not get notified of a parking tickets. Insurance companies are only liable for handling accidents.


Is it possible to transfer the design professional liability from the consultant to the contractor in D.B.B method to have one insurance company to avoid disputes among the insurance companies?

Every individual that works in a professionÊcan be held liable for mistakes. You can't transfer professional liability to avoid responsibility or costs.


What distinguishes the difference between a partnership and a limited company?

There are more differences. One of the more important is Limited Liability. The members of an Limited Liability Company ARE NOT personally liable for the debts accumulated by the Limited Liability Company. The partners of an partnership ARE personally liable for the debts accumulated by the partnership. However there are also other differences.


How do you find your neighbors homeowners insurance for liability?

You will just have to ask them for the insurance information. there is no central registry or database for homes and the insurance companies that insure them. You should first determine if your neighbor even has Liability insurance. Not all homeowners purchase liability coverage with their insurance policy. A home insurance policy can be bought with or without liability coverage. If the homeowner has elected liability coverage, The homeowners insurance policy will provide the homeowner with legal defense for the cost of defending against a suit that is brought against them claiming liability on the part of the insured. If the Insured is found at fault or liable in court, then their insurance company will cover the cost of those liabilities up to the specified policy limits. Alternatively you can sue your neighbor. Then If your neighbor has Liability coverage on his home insurance policy, You will then meet your neighbors insurance company attorneys in court.


You get tickets for an accident in Texas are you liable if the tickets were not upheld in court?

In an insurance company battle, the fact that you were cited will carry weight. The fact that the court did not find you guilty will not relieve you of liability by itself.