Automotive Liability Insurance Definition

Automobile liability insurance definition is insurance against loss from or legal liability for damages arising out of ownership maintenance or operation of a motor vehicle.

Automotive liability insurance definition. It does not cover any damages to the driver their automobile or other property. Liability car insurance or liability coverage as it s also known helps pay for the costs of the other driver s property and medical injuries if you are at fault in an accident. Liability just means responsibility so liability insurance protects you. Auto liability insurance is a type of car insurance coverage that s required by law in most states.

Liability insurance is any insurance policy that protects an individual or business from the risk that they may be sued and held legally liable for something such as malpractice injury or negligence. Your insurer will pay for the property damage and injuries up to the covered limit. Automobile liability insurance definition automobile liability insurance insurance that protects the insured against financial loss because of legal liability for automobile related injuries to others or damage to their property by an auto. 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.

Liability insurance also called third party insurance is a part of the general insurance system of risk financing to protect the purchaser the insured from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy. Automobile liability insurance is a type of insurance that covers damages the insured causes to a third party or their property while driving a vehicle. Liability car insurance is the part of a car insurance policy that provides financial protection for a driver who harms someone else or their property while operating a vehicle. The auto liability coverage definition may sound simple enough but here s a real life example.

Auto liability insurance coverage helps cover the costs of the other driver s property and bodily injuries if you re found at fault in an accident.