Liability insurance coverage is a form of insurance that provides financial protection if you are held responsible for someone else's injuries or property damage. It is usually included in most vehicle and property insurance policies, such as auto and homeowners insurance. For car insurance, this coverage is usually referred to as auto liability coverage, while for property insurance it is generally referred to as personal liability coverage. In addition, most home policies include medical payments to other people in case of accidental injuries on the property, regardless of whether you are legally responsible or not. Commercial liability insurance policies cover losses resulting from bodily injuries and property damage, real or alleged, as well as personal injuries that occur on your company's premises or that result from your operations, up to the limits of your policy.
Liability coverage limits for different types of vehicles are usually represented by three numbers. A temporary agreement that states that an insurance policy is in effect is often used to protect the insured when policy documents cannot be issued immediately. Personal liability insurance covers a variety of situations in which you may be legally responsible for paying for something that happened to someone else on a property you own or, in some cases, on property that doesn't belong to you. You should have the same amount of liability coverage in your motorcycle and motorhome insurance policy as in your car insurance policy. A general liability insurance policy covers losses resulting from bodily injuries and property damage, real or alleged, as well as personal injuries that occur on your company's premises or that result from your operations, up to the limits of your policy. The maximum amount an insurer will pay for all cumulative claims that arise within a specific insurance period is known as the aggregate limit.
Travelers uses its subsidiary, InsuraMatch, LLC, an independent insurance agency, to recommend consumers interested in pet coverage, motorcycle and off-road vehicle coverage, and travel coverage. Mortgage lenders often require borrowers to purchase homeowners insurance, which includes personal liability coverage.