0
What is the advantage to having liability insurance on older vehicles?
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What are some of the advantages of having public liability insurance?
Public liability insurance can help event planners protect themselves from cancellation and postponement. By having the right public liability insurance you can protect yourself from losing profits.
What is public liability insurance and how is it different from general liability insurance?
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
Will just having liability insurance cover your car if it is damaged?
No. Liability covers the others and their property.
Do Mexican doctor have liability insurance?
Yes. It is known as Seguro de Responsabilidad Civil(literal translation of liability insurance). In case you are having a procedure with him/her, you should ask for it first.
What exactly does liability insurance cover Is it worth paying for this if I'm starting a company?
It would definitely be worth getting liability insurance for your new business. It is in place to protect businesses from being sued by a third party due to negligence. Having liability insurance is a must for any business. Liability insurance, or business insurance, protects your company against lawsuits that claim you failed to use reasonable care.
Corporation advantages and disadvantages?
An advantage to having a corporation is limited liability. A disadvantage to having a corporation is the fact that income is taxed twice.
Should you keep liability insurance on a car if you're going to sell it and the car will be drove only when test driven by a potential buyer?
Yes, it is a good idea to keep liability insurance on a car even if you are planning to sell it, and it will be driven only during test drives by potential buyers. If you are planning to sell the car, it is important to protect yourself from any potential liability in case of an accident during a test drive. A liability insurance policy will protect you from financial responsibility for any damages or injuries caused by the car during a test drive. Also, having liability insurance on the car while it is being test driven can also help to protect the potential buyer, as they may not have liability insurance themselves. Additionally, most states require that all vehicles on the road are insured, even if they are being used for the purpose of selling. Not having insurance on the car might be a violation of state laws. It's important to check the laws and regulations of your state and also to contact your insurance company and ask about their policies on vehicles being sold.
Can you be cited for not having insurance?
Yes, most states require that you have a certain amount of liability insurance. Contact an agent for more information.
What is the advantage of having an independent insurance agent?
Having an independent insurance agent can lead to more personal interaction. He or she can also customize your plans to make your insurance cheaper.
What are the advantages of marinate?
The advantage of having marine insurance is that it reduces the liability that may occur when damage happens. It protects vessel owners in the event of theft, accidents, mistakes, and also provides compensation for illness, injury or death.
What is the purpose of third party liability insurance?
Third party liability insurance is useful if you are blamed for having caused an accident and someone wishes to file a claim against you. With third party insurance you are insured for claims up to a predetermined amount.
Why does anyone need liability insurace?
Liability insurance would pay if you were liable (responsible) for damages. For example, most automobile insurance includes liability insurance, for when you are responsible for damage to someone else's vehicle. Generally, liability insurance allows you to pay a fixed, relatively small amount on a regular basis, rather than suddenly and unexpectedly having to pay a very large amount all at once.
