Insurance Glossary

Liability Coverage

General

Definition

Insurance that covers legal responsibility for injuries or damage caused to others or their property.

Definición en Español

ES

Cobertura de Responsabilidad Civil

Seguro que lo protege contra reclamos legales si usted es responsable de causar lesiones a otra persona o daños a la propiedad de otra persona.

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Related Terms

Liability Limit

The maximum amount an insurance policy will pay for covered liability claims.

The amount paid by the policyholder to the insurance company for coverage, typically on a monthly, quarterly, or annual basis.

A formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event.

An unexpected event or circumstance without deliberate intent that results in injury, damage, or loss.

Collision Coverage

Insurance coverage that pays for damage to your vehicle resulting from a collision with another vehicle or object.

Comprehensive Coverage

Insurance coverage for damage to your vehicle from causes other than collision, such as theft, vandalism, fire, weather events, or hitting an animal.

The scope of protection provided under an insurance policy, including the types of losses and risks that are covered.

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