What is liability insurance and when do I use it?
when you have a car wreck and the attorney say you are at fault and that you can use the medical side of your policy but not the liability side, what does he miserable?
Answers:
all the liability policy is is when you break somebody elses property or hurt them or yourself it covers it up to the amount of insurance you have. It does not cover damages to your own vehicle.
Your question is indistinguishable to me. The only reason I can presume of why your accident benefits (or the medical side of the policy) would be available to you but not the liability side (your third party coverage (tpl) for disfavour you caused to someone else's property) is because you have breached the coverage on your policy. Were you intoxicated or underneath the influence, under suspension or in breach of any of the conditions on your license, moved out the scene of the accident, provided a false statement to the police or your insurance company? Any of these (plus several more) will render your coverage null and void for tpl but don't affect the coincidence benefit portion of your claim. As a side bar, it is not usually a lawyer who tell you that you are at fault, it is the insurance adjuster assigned to your file. The certainty that you mention a lawyer only make me more suspicious that the whole story hasn't been told here. Source(s): yes, I work surrounded by the industry
medical pay-out coverage is not based on who was at knock. it is for you and your passengers regardless of who is at fault. it have a limit. liability is what it says, it will settle up up to the limit to any person or property that you are responsible to for defile or injuries. you cant be liable to yourself. you would have to have collision coverage to fix your own motor if you are in an accident and are at condemn. coverages also vary by state, ie, no fault, etc
There are two distinct coverages that are in question.
First, Third Party Liability (TPL).
Second, Personal Injury Protection (PIP).
They are remarkably self-explanatory.
liability is what it will take to repair the other persons motor, not your.
Liability covers the other person if you, through your responsibility, have damaged their property. It doesn't cover your property, you would have need of full coverage and collision to cover damaging your own property accidentally.
liability is to cover the other drivers vehilce that you hit. It is used only for injury or damage cause s a result of you error...not your injury or youur car.
In Canada you need to fetch collision insurance to cover your vehicle. not sure what collision is called outside Canada
It means that you because it be your fault your insurance is only going to cover any medical claikms out of your twist of fate and not any damage to other cars or your sports car resulting from this your fault accident
LIABILITY covers damages to a 3rd party you are legally responsible for...you are at reproach. Liability covers property damage and/or bodily injury claims.
Medical payments is 1st party coverage and just YOU can use it, at fault or not.
Related Questions:
Answers:
all the liability policy is is when you break somebody elses property or hurt them or yourself it covers it up to the amount of insurance you have. It does not cover damages to your own vehicle.
Your question is indistinguishable to me. The only reason I can presume of why your accident benefits (or the medical side of the policy) would be available to you but not the liability side (your third party coverage (tpl) for disfavour you caused to someone else's property) is because you have breached the coverage on your policy. Were you intoxicated or underneath the influence, under suspension or in breach of any of the conditions on your license, moved out the scene of the accident, provided a false statement to the police or your insurance company? Any of these (plus several more) will render your coverage null and void for tpl but don't affect the coincidence benefit portion of your claim. As a side bar, it is not usually a lawyer who tell you that you are at fault, it is the insurance adjuster assigned to your file. The certainty that you mention a lawyer only make me more suspicious that the whole story hasn't been told here. Source(s): yes, I work surrounded by the industry
medical pay-out coverage is not based on who was at knock. it is for you and your passengers regardless of who is at fault. it have a limit. liability is what it says, it will settle up up to the limit to any person or property that you are responsible to for defile or injuries. you cant be liable to yourself. you would have to have collision coverage to fix your own motor if you are in an accident and are at condemn. coverages also vary by state, ie, no fault, etc
There are two distinct coverages that are in question.
First, Third Party Liability (TPL).
Second, Personal Injury Protection (PIP).
They are remarkably self-explanatory.
liability is what it will take to repair the other persons motor, not your.
Liability covers the other person if you, through your responsibility, have damaged their property. It doesn't cover your property, you would have need of full coverage and collision to cover damaging your own property accidentally.
liability is to cover the other drivers vehilce that you hit. It is used only for injury or damage cause s a result of you error...not your injury or youur car.
In Canada you need to fetch collision insurance to cover your vehicle. not sure what collision is called outside Canada
It means that you because it be your fault your insurance is only going to cover any medical claikms out of your twist of fate and not any damage to other cars or your sports car resulting from this your fault accident
LIABILITY covers damages to a 3rd party you are legally responsible for...you are at reproach. Liability covers property damage and/or bodily injury claims.
Medical payments is 1st party coverage and just YOU can use it, at fault or not.
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