When it comes to insurance, it can be difficult to understand the difference between comprehensive and general liability coverage. Comprehensive insurance covers your car when it is damaged by something other than a collision, while liability coverage pays for property damage and other people's injuries when you cause an accident. In a nutshell, comprehensive general liability insurance is the oldest term for commercial general liability insurance or, simply, general liability insurance. General liability insurance is designed to protect businesses from the costs of third-party claims related to personal injury and property damage.
It provides protection if you are found to be at fault in an accident, covering the other parties' damages up to the limits of your insurance coverage. This type of insurance is often required by agencies from contractors and tenants. When it comes to car insurance, lenders may require you to have comprehensive and collision coverage when you lease or buy your car through a loan. Comprehensive coverage includes an additional 13 elements that expand the coverage of comprehensive general liability coverage.
However, medical expenses for you and your passengers are not covered by liability, collision or comprehensive coverage. In conclusion, comprehensive and general liability insurance are two different types of coverage that provide protection in different situations. Comprehensive insurance covers your car when it is damaged by something other than a collision, while general liability insurance pays for property damage and other people's injuries when you cause an accident. It is important to understand the differences between comprehensive and general liability insurance in order to make sure that you have the right type of coverage for your needs. Comprehensive coverage will protect your vehicle from damage caused by events such as theft, vandalism, fire, hail, flooding, and more. General liability insurance will provide protection if you are found to be at fault in an accident, covering the other parties' damages up to the limits of your insurance coverage.
Both types of coverage are essential for protecting yourself and your assets in case of an accident or other unexpected event.