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What does the liability portion of auto insurance cover?
Caution Laymans Answer! Basically Liability is to cover damage done to outher people and other peoples property.
Does house insurance cover other peoples property?
If your property caused damage to another persons property then yes. For example if your chimney fell onto their roof they would be covered. Also if a fire started in your property and spread to theirs this should be covered.
What does property insurance generally cover?
Property insurance usually covers all of the property that has a declared value. This includes a home and other structures located on a property that is insured.
Does insurance cover personal property lost in a car wreck?
Depends. If you are at fault, the other insurance company has to cover property loss. Personal property loss is most likely an option (not basic coverage) on your policy.
If you only have PL and PD car insurance what does it cover?
PL and PD car insurance stands for; public liability and property damage. The insurance will cover a loss to an individual, other than yourself, or damage to someone else's property.
Is someone elses property is stolen from my house am i responsible?
The question is not clear enough to answer completely. Why are other peoples "goods" on your property? Do you own a warehouse? A storage facility? Do you offer storage to these people for their goods? Or, did the goods just "happen" to coincidentally be there in the wrong place at the wrong time? In the first instances - you should have had insurance to cover the eventuality of theft. In the last case, your homeowners or business insurance should cover it.
What does PLPD car insurance cover you for?
PLPD is public liability and property damage. Property damage provides insurance cover against damage caused by you to the other person's vehicle or building, etc. Public liability insurance covers the occupants of both your and the other vehicle usually to a maximum of $250,000. Note that PL&PD does not cover your vehicle nor you as the driver.
If you have PLPD or no fault insurance and you hit someone from behind and their car is fine and yours is not will your car insurance cover it?
No. PL & PD cover injury and damage you do to other persons and their property. Collision and Comprehensive cover your vehicle.
What kind of insurance do you need for a truck and trailer for a horse transportaion business?
You need a commerical auotmobile policy to covere the vehicle and trailer. Additionally, you will need a General Liability policy that coveres "other peoples goods and property" to cover the horses.
What does property insurance cover?
If you mean property like the land, then the insurance covers the land the house is on. Other one is "property insurance" covers the items in your house, let's say someone broke in and stole your amazing 54in flat screen TV. You have property insurance and it covers the cost of the TV or part of the cost. You make a claim for it then insurance sends you money.
What is difference between home owners insurance and rental property insurance?
Other than home owners insurance covering your primary residence where you live and rental property insurance covering a home that you rent to others there are a few differences in types of coverage. While most home owners policies cover the building you live in as well as your contents (TV, Clothes, etc...), most rental property policies cover only the building. This is because in a rental property situation you usually do not own the contents inside and the renters have renters insurance to cover their own contents.
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.
