Liability insurance is intended to answer for essentially simple negligence (carelessness). Punitive damages, when awarded, are based upon the idea that the wrongdoer's acts were intentional, malicious, willful or egregious. In the context of an auto collision, drunk driving sometimes comes within that definition. Therefore, liability insurance does not. strictly speaking, cover the punitive element of the damages that may be awarded.
However, usually prior to a trial, the parties will attempt to settle the dispute. If there is a reasonable expectation that punitive damages could be awarded, the verdict would be "excess" over the policy limits of the insurance policy. An insurer has the obligation to settle the case, if possible, within the policy limits, so as to avoid exposing its insured to an excess verdict. The insurer may therefore offer the full policy limits despite the fact that the injury would not otherwise be worth that much money. In that very limited sense, the insurer might be said to be paying punitive damages because it is paying more than it ordinarily would. All of this is very specifically fact-driven and should not be taken, and is not intended, as legal advice.
Yes, The liability portion of your auto insurance policy will cover the damages you may do to a telephone pole in an accident.
If the damages claimed were of a type covered by the policy (prior to cancelation), resulted from a covered type of occurrence, and occurred before cancelation, yes. If the incident resulting in the damages occurred after cancelation, no.
You cannot collect any more than your actual damages. If the other driver's insurance does not cover part of the damages and you have a better policy, your policy may pay for the remainder. You would have to discuss your specific policy with your agent to be sure.
No, Home Hazard Insurance is for damages to your home due to a covered peril. Auto Insurance Comprehensive coverage is for damages to your car. You will need to seek coverage for your car from your Auto insurance Policy.
That is an act of Nature. No one is responsible (liable) for an act of Nature. Your homeowners policy will not cover it. The comprehensive portion of the vehicle owners Auto Insurance policy would have to cover the damage.
The collision portion of your Auto Insurance Policy would pay for damages to your own auto when you are the at fault party. The liability portion of your auto insurance pays for damages you cause to another party Insurance Plus
The insurance policy on the vehicle you were driving will pay any damages assuming the owner of the vehicle and the owner of the insurance policy is one and the same.
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.
Your Auto Liability Insurance will offer coverages for damages resulting from automobile ownership. Homeowners Insurance does not cover autos or auto accidents.
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.
No, Homeowners insurance does not cover damages to your automobile. Your home insurance policy is property insurance for the specified structures and real property listed on the policy. Cars are not listed as covered property on your home insurance policy, that's what auto insurance is for.
No,, That would be covered under your auto insurance policy. Homeowners insurance does not cover damages to street vehicles.