What Does Liability Car Insurance Mean?
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaLiability insurance in an auto policy refers to coverage for bodily injury or property damage. This is what happens in a collision. It is separate from the physical damage coverage which can also be in an auto policy. This coverage covers your car and the damage it sustains. Bodily Injury and property damage liability are by far the most important part of your auto policy. If someone is hurt in an accident and you are at fault, the claim is going to be enormous. It will be much more than you could possibly handle with your normal cash flow.Answered on May 5, 2014flag this answer
21750 POINTSview profileJim WinklerCEO/Owner, Winkler Financial Group, Houston, TexasGreat question! Your auto insurance covers the damage to your car, under the "collision" part. It covers the damage to the other car, and any injuries that you could be held liable for under the "liability" part. If you had to pick one part to carry, it would be liability - the costs they are going to ask you to pay in most cases would be huge. Thanks for asking!Answered on May 5, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
