Part of what is generally referred to as liability coverage, property damage liability insurance pays for damage you cause to another person’s property in an at-fault accident.
Liability Coverage for Damages because of Property Damage under the Comprehensive General Liability PolicyQuestions of interpretation arise from uncer- tainty over the type of "property" 24 and the formof These exclusions do not apply to other property damage arising out of such products or work....
What is the definition of property damage liability? Property damage liability is the part of a car insurance policy that helps pay to repair damage caused to another person’s vehicle or property by the insured policyholder or someone else covered by the policy. The coverage does not pay for...
Liability car insurance helps cover the cost of damage resulting from a car accident. In many states, if a driver is found to be at fault in the accident, their insurance company will pay the property and medical expenses of other parties involved in the accident up to the limits set by ...
Property damage liability coverage How Do Liability Limits Work? Per-person limit Per-accident limit How much insurance coverage do you need? How much does bodily injury liability coverage cost? Bodily injury liability pays for things like someone else’s medical expenses and injury-related lost wag...
Generally, property damage liability coverage pays for other people's repair or replacement costs after you cause damage to their vehicles, homes, buildings, mailboxes, lampposts, and other objects. The types of property covered depend on your policy and coverage limit, so make sure you read you...
For auto insurance, there are two types of third-party liability coverage: Bodily injury liability: Covers costs resulting from injuries to a person, such as hospital care, lost wages, or pain and suffering due to an accident Property damage liability: Covers costs resulting from damages to or...
Property Damage Liability: If you're found legally responsible for a car accident, this coverage pays for costs associated with repairing or replacing another person's property. Usually, this coverage kicks in when you damage another person's car, but can also apply to any other type of proper...
1. Commercial general liability coverage, including products liability coverage with a minimum limit of $3,000,000 combined single limit bodily injury and property damage.2. Broad form vendors coverage. Under Armour must be named as additional insured with respect to products liability/vendors ...
Lawyers professional liability coverage provides attorneys with liability coverage for financial loss suffered by third parties arising from acts, errors, and omissions in providing professional legal services.