Auto insurance liability definition – Bodily injury liability bi pays up to your policy limits for injuries or death that you the policyholder or other drivers covered by your car insurance policy are found responsible for after a motor vehicle accident. Auto liability insurance is a type of car insurance coverage that s required by law in most states.
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Auto insurance liability definition – The definition of auto liability limits is the maximum amount which a liability insurance company agrees to pay as a result of a single accident or injury to a single person but what does that actually mean when dealing with insurance it s always full of industry jargon that can be very difficult to understand. It is the most basic form of auto insurance and does not cover you or your vehicle in an accident. Automobile liability insurance is coverage if an insured is legally liable for bodily injury or property damage caused by an automobile. Auto insurance liability definition
If you cause a car accident in other words if you are liable for the accident liability coverage helps pay for the other person s expenses. Property such as damage to or theft of your car. States and laws vary. Auto insurance liability definition
More specifically liability coverage covers vehicle and property damage. Definition of liability limits. Bodily injury liability coverage in auto liability insurance pays medical bills and lost wages. Auto insurance liability definition
Liability just means responsibility so liability insurance protects you when. Liability car insurance is the coverage that pays to repair the damage you cause to other people and their things. Medical the cost of treating injuries rehabilitation and sometimes lost wages and funeral expenses. Auto insurance liability definition
Policy terms vary but typically bodily injury liability car insurance will pay up to your policy limits for. Bodily injury liability protection applies to the medical expenses of the other party if you are found at fault in the accident. What is bodily injury liability. Auto insurance liability definition
It is a required provision in virtually all auto insurance policies. Liability insurance coverage protects other drivers from bodily injury or property damage you might cause in an at fault accident. Car liability insurance only covers injuries or damages to third parties and their property not to the driver or the driver s property which may be separately covered by other parts of their. Auto insurance liability definition
It is required by nearly every state in order to legally drive and register your vehicle. Liability insurance actually consists of two types of auto coverage. In some circumstances it may even cover lost wages and or legal fees if the injured party files a lawsuit. Auto insurance liability definition
It is also known as no fault insurance. Liability your legal responsibility to others for bodily injury or property damage. This is the part of your auto insurance policy that covers damage that you cause to other drivers in an accident. Auto insurance liability definition
Basic personal auto insurance is mandated by most u s. Auto insurance liability definition