This is the type of insurance that helps both people and businesses to protect themselves against the risks of liabilities (as long as the claims are within the coverage of the policy). Oftentimes the payment is made not to the holder of the policy but a third party suffering loss. Besides, damage caused intentionally is not covered.
Liability insurance compensates for legal costs and payouts a holder of the policy is responsible for as long as these costs and payouts are legally liable (in other words, within the particular policy and are not a result of intentional damage or criminal acts). As being said, in most cases, a third party – not the policyholder – receives the payment. Liability insurance is popular with people and businesses that can cause injuries or damage – vehicle owners, medical workers, etc.
The exact monthly premium is determined by the type of insurance, the industry, your claim history, as well as many other details, such as the size and type of your business and the extent of coverage. All in all, it may cost you about $45 a month.
How exactly do you pay your excess? A standard car insurance excess meaning is the total sum you need to pay upon filing an insurance claim.
Imagine going on vacation for a week, then returning to the house you are renting and finding that you’ve been robbed! Your TV, laptop, jewelry, and other personal property are missing, and some of your furniture is broken. Are you able to replace it all yourself? If your answer is no, you definitely need renter […]
Indemnity insurance can protect you against claims for allegedly inadequate professional services, misjudgment, negligence, or breaches of duty. Learn how you can safeguard your career with indemnity insurance
As the Department of Motor Vehicles of Richmond informs, the recently passed bill SB 1182 significantly increases the liability insurance coverage requirements in 2022 and further, doubling the required injury or death coverage for policies effective on January 1, 2025, and bringing more important changes. The update will come into force on January 1, 2020, […]
There are several proven steps you will have to take before you can get your first insurance adjuster job. Without further ado, let’s dig into it.
It is a rare chance to enjoy riding a recreational vehicle for some drivers. For others, it is a lifestyle. But regardless of the proficiency level, any rider needs additional reassurance that his sled is protected against a sudden threat or accident. The latter can entail numerous risks like bodily harm, crash, repairs, or property […]
Motorcycle insurance is meant to shield owners and their motor transport from unexpected losses and associated material risks. Different policies are intended to compensate for theft, damage to motor transport or other vehicles, and medical costs. Riders can purchase multiple add-ons to safeguard the motorbike accessories, ensure towing handling, and compensation for physical harm. The […]
Boat insurance is intended to safeguard the vessel and its commuters from accidents and other unexpected events. The policies may differ depending on the specific power limit and the boat class. Most of them guarantee year-round coverage and typically shield the craft from acts of vandalism, theft, fire, and storm throughout the off-season. Boat insurance […]