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What happens if a person has liability insurance and totals another car worth more than their policy can cover?
Wiki User
∙ 11y ago
The Insurance co will pay the policy limit. You can sue the driver for the rest, obtain a judgment and enforce in order to collect all your damages.
Word of advise here, the Insurance co will ask you to sign a release of all claims, meaning that once you receive the check you can not sue the driver, it is standard practice for them.
Do not sign a release unless paid in full, you're not obligated to sign it in order to collect all your damages, either.
Wiki User
∙ 11y ago
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I have liability only and my car was totaled?
If another person was at fault for the accident, you will need to go after their insurance company. If you are liability only, your insurance company will not pay for anything.
What protects you with liability insurance driving?
Hopefully an airbag. Liability coverage will cover damage and injury you cause to another person or their vehicle.
What is liability insurance?
Vehicle liability insurance is insurance that only covers the other car. That means that if you get in a wreck, you are liable for what happens to your car. It also means that that your insurance company will pay for the damages to the other person's car if the accident is found to be your fault, but if it is the other person's fault, then their insurance will pay for the damages to your car.
Covers bodily injury or property damage that you will cause to another person and or vehicle?
Liability Insurance
What is vehicle liability insurance?
Vehicle liability insurance is insurance that only covers the other car. That means that if you get in a wreck, you are liable for what happens to your car. It also means that that your insurance company will pay for the damages to the other person's car if the accident is found to be your fault, but if it is the other person's fault, then their insurance will pay for the damages to your car.
What happens if a person cant get auto insurance?
In many or most states not having liability is against the law. No insurance and you drive illegally, or you do not drive at all.
What is the advantage to having liability insurance on older vehicles?
It does not matter how old your vehicles is. Liability insurance is for your protection and I believe mandatory. If you are at fault that is where your insurance company will pay for the damages and injuries you caused to another person or vehicle. J
What type of insurance is needed if you hit another car?
Basic liability insurance. This covers the person you hit. Comprehensive and collision covers your car.
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.
Where can you purchase cheap auto liability insurance?
Auto liability insurance, sometimes known as third party insurance, provides protection to the driver for the costs of damaging another vehicle, property or person whilst driving. Cheap auto liability insurance can be purchased from car insurance brokers, and cheap deals can be identifed using insurance comparison websites such as Go Compare or Compare the Market.
What best 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.
What is contractual liability insurance?
Contractual liability insurance is something purchased to protect a person entering into a contract, when that contract means that they agree to be responsible for any liability.
