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Your financially liable for all damages and associated losses. Whatever that amount happens to be. Your insurance policy will pay up to it's policy limits.

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Q: How much can you be liable for an at fault accident with 2 parked cars. Your coverage is 5K liability and you estimate the repair cost to be 15K. Will the other guys insurance companies go after me?
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Related questions

Where can I get liability car insurance?

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.


What is liability coverage on auto insurance?

This means that if the accident was your fault, your insurance will pay(up to an amount that is on your policy) for the other property and persons involved in the accident. Liability insurance does NOT cover your vehicle damage.


What happens if you had been in an accident and it was considered 5050 because there was no way to prove who was at fault but you had only comprehensive and collision and no liability insurance?

Both insurance companies will pay for their own, depending on your policy coverage.


What is the difference between liability insurance and full coverage?

Liability insurance pays for someone else's damages if an accident is your fault but won't cover your vehicle. Full coverage provides liability insurance as above but will also cover your damages to your own vehicle in an accident regardless of whose at fault, as well as theft, fire, etc.


What coverage protects the person who was at fault in an accident against losses when someone is injured?

Liability insurance.


What is the collision coverage?

That is the part of your insurance that pays for damage to your vehicle, when you are at fault, if you are involved in an accident. This is coverage would need to be purchased in addition to your regular liability insurance.


What coverage protects a person who is at fault in an accident against lawsuits when someone is injured?

Liability and medical insurance.


What does general liability insurance cover?

The amount of coverage and the specifics of coverage will vary from policy to policy. In general liability insurance will cover damages to individuals or entities other than the insured individual. For example, in auto insurance liability insurance will provide for individuals injured in an accident excluding the policy holder.


What are some features of Illinois car insurance?

It is important to understand the different types of insurance coverage most companies offer. Something which virtually every policy should have is liability coverage. This protects the policy holder against financial loss due to a covered accident.


Which insurance companies provide liability insurance?

There are many insurance companies that provide liability insurance coverage. Some well-known companies include Allstate, State Farm, GEICO, Progressive, and Farmers Insurance. It's important to shop around and compare quotes from different companies to find the best coverage and price for your specific needs.


What does general liability cover?

The amount of coverage and the specifics of coverage will vary from policy to policy. In general liability insurance will cover damages to individuals or entities other than the insured individual. For example, in auto insurance liability insurance will provide for individuals injured in an accident excluding the policy holder.


What describes property damage liability insurance coverage?

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.