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What is a liabilaty?

Updated: 10/16/2024

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Q: What is a liabilaty?

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Can you collect from car rental company even if they did not take out their insurance for liabilaty claim?

I don't really understand the situation. Car rental companies have to carry liability insurance coverage or they will be shut down by the state. We had this occur several years ago by one of the companies and the State Insurance Dept put them out of business. A little more info would help.

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