A typical homeowners insurance policy provides personal liability coverage. Learn more about what this coverage protects and how to choose policy limits.
A policyholder’s personal liability insurance pays for covered losses and damages sustained by third parties, along with related legal costs. Learn how it works.
Key Takeaways: ; Personal liability insurance covers you when you’re found liable for another person’s injuries or damage to another person’s property. ; It pays your legal fees and court costs, as well as the medical expenses and lost wages for the injured person. ; A good rule of thumb is to buy enough personal liability insurance to cover your net worth. This ensures your assets are protected in the event of a lawsuit.
injury, personal injury, and property damage arising from the... What Damages Does CGL Insurance Cover? Commercial general liability insurance covers injuries to a person or property damage...
Liability insurance covers damage you cause to another vehicle and its passengers. ; Comprehensive coverage replaces or repairs your car if it's stolen or damaged due to a non-collision incident. ; Collision coverage repairs your car if you collide with another vehicle or object.
Learn what personal liability insurance is on a homeowners policy and who needs it.
You host a party in your rented home. A guest slips in your bathroom, hits her head on the edge of the tub, and is rushed to the hospital. ; While visiting the home of an acquaintance, you accidentally knock over and break an expensive porcelain vase. ; Your rambunctious five-year-old dumps a milkshake on a new laptop on display in an electronics store, destroying it.
What Is Liability Insurance? Liability insurance is an... Liability insurance policies cover any legal costs and payouts... How Does Personal Liability Insurance Differ From Business...
What Is Included in Professional Liability Insurance? Coverage does not include criminal prosecution, nor all forms of legal... What Is the Difference Between Personal and Professional...
Umbrella insurance provides additional liability coverage beyond what is offered by other policies, such as home or auto insurance. Learn how it works.