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Property damage liability coverage is a type of auto liability insurance that covers the policyholder in the event that they cause an accident and are found to be At Fault. It provides financial protection for the policyholder in the event that they are sued by the other driver(s) or other party involved in the accident for damages to their property. It pays for the repair or replacement of the other driver's vehicle or other property that was damaged in the accident, such as a fence or a building. It does not cover any damages to the policyholder's own vehicle. It is mandatory in most states and is typically included as part of a standard liability insurance policy.
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Which of these sentences describes collision coverage automobile insurance?
It covers damage done to your car in an accident.
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.
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 the Liability of homeowner acting as General contractor?
Homeowners insurance does not have liability coverage for your job occupation. You can obtain contractors insurance for liability coverage.
Which of these sentences describes liability automobile insurance coverage?
Auto liability insurance is a type of car insurance that covers the policyholder in the event that they cause an accident and are found to be at fault. It provides financial protection for the policyholder in the event that they are sued by the other driver(s) involved in the accident. Liability coverage typically includes two types of coverage: bodily injury liability and property damage liability. Bodily injury liability covers the medical expenses of the other driver(s) and any passengers in their vehicle. In contrast, property damage liability covers the cost of repairing or replacing any property that was damaged in the accident, such as another vehicle or a fence.
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.
Does liability insurance cover a stolen car?
Liability Insurance and the Stolen VehicleNo, Liability Insurance provides coverage for damages or injuries that we cause to others. It does not provide coverage for our own vehicle damages or theft.
What are the two type of coverage provided by a homeowners insurance policy?
Property and Liability
What liability insurance coverage can be obtained for vacant land?
Whatever coverage amount you wish and that the company will accept, You can obtain liability insurance on vacant land.
What coverage is provided when purchasing standard car insurance?
Coverage that is provided when purchasing standard car insurance are liability coverage and the legal right to drive. There are two liability coverages: bodily injury and property damage liability.
What is home insurance?
Home Insurance is Insurance coverage for your house, condo or apartment for your personal property and liability coverage for you. The insurance coverage for your house is also called homeowners insurance. The Homeowners isurance is an insurance package that has coverage for the dwelling, the others structures on your property, Loss of Use, Medical Payments and Personal Liability.
Why Tenants Liability insurance?
The property Owners Liability Insurance does not extend coverage to a Tenant. This is one reason a tenant might want to buy their own tenants liability coverage for their own protection.
