Property damage liability is the coverage section of your liability auto insurance that will pay for physical damage to the vehicle or other property of another person if you are At Fault in an auto accident. This coverage would pay for repairs of the person's car or whatever else is damaged.
Property and Liability
it protects against damage done to other people's cars or property by your carA+
Liability insurance covers damages to the property or body of others, it does not provide any coverage for yourself of your property. Each state has a minimum coverage which depicts the cost of "cheap" liability auto coverage.
its liability insurance
No, the property owners coverage does not provide coverage for a tenants property or liability.
Home Insurance is Insurance coverage for your house, condo or apartment for your personal property and liability coverage for you. The insurance coverage for your house is also called homeowners insurance. The Homeowners isurance is an insurance package that has coverage for the dwelling, the others structures on your property, Loss of Use, Medical Payments and Personal Liability.
the answer is liability
Liability coverage (often simply called "liability") protects you from damage you do to others or to property in an accident. Some level of auto liability insurance coverage is required in all 50 states - get info for your state's auto liability insurance coverage requirements here.
liability insurance. -twiggy.
Coverage that is provided when purchasing standard car insurance are liability coverage and the legal right to drive. There are two liability coverages: bodily injury and property damage liability.
The property Owners Liability Insurance does not extend coverage to a Tenant. This is one reason a tenant might want to buy their own tenants liability coverage for their own protection.
Your home insurance property coverage portion of your policy would not provide coverage for property of another. However, If you are found liable for damage to your neighbors property your liability coverage would invoke. Most homeowners Insurance policies come as a package with some level of Liability Insurance unless you purchased stand alone property only coverage.
Insurance definitions found on the web can explain property and liability insurance more in detail. However the type of business you have will tell you what type of coverage you will need.
Yes, if they accept liability and they will pay up to the limit of property damage coverage.
Not likely. The owners liability coverage is generally an option under the home property insurance policy. I don't know of any insurance company that would sell Liability as a stand alone coverage for a home.
Liability coverage inscludes these parts as well as uninsured motorists.
"Auto insurance provides property, liability and medical coverage:
Property damage liability insurance is to cover the damage you may cause to someone else's property. Different states have different car insurance requirements and regulations. Further, some people get larger property liability insurance coverage than the minimum requirements.
Business insurance agencies typically sell insurance policies to commercial businesses. They sell property and liability policies, employee coverage and product liability.
Yes, but the problem will be finding a carrier who will write liability coverage a building with no property coverage on it. It would probably have to be an acceptable property risk for a casualty underwriter to consider writing just liability on it and there would have to be a good reason why you didn't want property coverage on it. Nobody wants to write liability insurance on a dump anymore than they want to write property coverage on it.
You do not have to purchase full coverage auto insurance in Illinois if your vehicle is paid for. You do still need Bodily Injury Liability, Property Damage Liability, and Uninsured Motorist coverage.