Ultimately the insured is responsible for obtaining adequate liability insurance coverage. If a loss is incurred, it will generally be covered by whichever policy was in force at the time of the loss excepting where Professional liability is the covering policy type.
Yes, if they accept liability and they will pay up to the limit of property damage coverage.
Hopefully an airbag. Liability coverage will cover damage and injury you cause to another person or their vehicle.
LIABILITY COVERAGE Refers to coverage for liability that an individual has if he or she should negligently injure another person or another person's property.
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 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.
Professional Liability Insurance provides coverage if the professional makes a mistake that causes financial harm to another The coverage invokes for claims of negligence, breach of contract, or both.
Neither, This is generally addressed in the terms of your employment. Sometimes the company will provide the coverage while other times The employee will. However, Most often, when working in the employ of another the employer will carry the necessary coverage.
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.
Check your Home owners insurance policy for Liability coverage. If you have liability coverage on your policy, you have coverage for your liabilities for certain kinds of accidental damage to the property of another, but it really depends on the circumstances and nature of the occurrence. Illegal or intentional acts are typically bot covered. Contact your insurance insurance agent for specifics.
The answer has a couple of aspects. 1. One does not need to own a car in order to get auto liability coverage. Instead, you can get "non-owners coverage" which will provide liability coverage regardless of the car that you are driving. Such insurance does not provide physical damage coverage for the car, but does protect you from legal liability to another if you are negligent in the operation of the car that you are driving. 2. In order to get physical damage coverage on the carm you must have an "insurable interest" in it. This means that you must have a stake in the continued existence and value of the car. That can arise from ownership of it or the leasing of it. In the latter case, you are responsible for returning it in good physical condition; to that extent, you have an insurable interest.
It is insurance for the owner of the building that covers the building and liability. However it does not cover for any of the tenants that are occupying the suites within the building. It is also known as landlords insurance.
Yes. It would go under your liability coverage.