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If the amount of liability insurance coverage isn't enough to pay for the damage, the insurance company will only have to pay the amount of the policy. For the rest of the amount, a personal lawsuit can be brought against the responsible party.

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Q: Who pays if sued for more than liability coverage?
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Is being sued for your home covered by insurance?

It depends on why your being sued. If your homeowners insurance covers the act that caused the suit, then you should have legal defense costs coverage if you purchased liability insurance with your homeowners insurance policy. If you did not purchase liability coverage then your insurance company will not defend you.


How does the definition of liability apply to insurance claims?

The definition of liability in insurance claims means that the insured is protected in case they are sued. This coverage includes legal costs and payouts.


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.


If your car is vandalized who pays for the damage?

The vandal if the can be found and sued. Otherwise your insurance if you have full coverage. You will pay a deductible and recover the deductible if the vandal is ever found and successfully sued by your insurance carrier.


What is torts liability?

A type of insurance coverage that provides remedies for persons sued for damages when they injure or kill someone else through their own negligence.


Can a staffing agency require you to carry your own liability insurance if they place you in a driving position for a company that already fully cover their vehicles?

Sure they can. If you don't like the requirements of the job then don't take that job. They are probably going to insist that you carry a limit if liability equal to their limit as well as the requirement to carry coverage. If you have an accident you will probably be sued and they will be sued as well. In order to protect their insurance coverage they will require you to have this coverage for an accident that is your fault.


Does car insurance cover bodily injury liability?

It depends upon the coverage that you purchase. Normally, when you buy liability insurance, you get both property damage and bodily injury liability coverage. In fact, many states require that such insurance be maintained for the protection of others who may be injured due to your negligence. The failure to do so can result in the suspension of your license and tags under Financial Responsibility Laws. The nature of liability insurance is such that it pays damages to an innocent third party to whom you cause injury. In that sense, it protects you from personal liability up to the policy limits that you have bought. If you are sued as a result of the incident and fault is contested, the insurer also provides you with an attorney to defend you. The insurer pays the attorney's fees and related court costs (such as, but not limited to, court reporter expenses).


Where can i find good liability insurance?

Liability insurance protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy. State Farm, Allstate, and Geico are all top companies that offer liability insurance. You can contact one of the above for free quotes in your area, and find out more information to find the policy that works for you.


Can a landlord get sued because no product completed operations aggregate coveraged by the renters?

It is possible for a landlord to be sued if they do not have completed operations aggregate coverage provided by the renters. This coverage helps protect against liability for accidents or injuries occurring after work is completed. Without this coverage, the landlord may be held responsible for any damages or injuries that occur on the property.


Which of these sentences describes liability automobile insurance coverage?

Auto liability insurance is a type of car insurance that covers the policyholder in the event that they cause an accident and are found to be at fault. It provides financial protection for the policyholder in the event that they are sued by the other driver(s) involved in the accident. Liability coverage typically includes two types of coverage: bodily injury liability and property damage liability. Bodily injury liability covers the medical expenses of the other driver(s) and any passengers in their vehicle. In contrast, property damage liability covers the cost of repairing or replacing any property that was damaged in the accident, such as another vehicle or a fence.


Which of these sentences describes property damage liability insurance coverage?

Property damage liability coverage is a type of auto liability insurance that covers the policyholder in the event that they cause an accident and are found to be at fault. It provides financial protection for the policyholder in the event that they are sued by the other driver(s) or other party involved in the accident for damages to their property. It pays for the repair or replacement of the other driver's vehicle or other property that was damaged in the accident, such as a fence or a building. It does not cover any damages to the policyholder's own vehicle. It is mandatory in most states and is typically included as part of a standard liability insurance policy.


If you fall in the walmart parking lot do they have liability coverage to cover you?

I am pretty sure they do. Walmart is a big company and does not want to get sued by all the Tom, Johns, and Bobs of the world. They have to cover themselves well.