Insurance

What is a Liability?

Liability

[lahy-uh-bil-i-tee]

noun

1.

Liability is the portion of your Policy that covers you in the event you are found to be responsible for injuries to other individuals or property. Typically, all property and casualty policies, whether home, auto, or other, have personal Liability written into them.

Have A Question About This Topic?

Related Content

10 Most Common and Costly Small Business Claims

Here are the 10 most common claims against small businesses. Are you covered?

Who Does Survivorship Life Insurance Benefit?

For married couples, weighing life insurance pros and cons later in life is key to choosing what fits your needs.

Did You Know This Fact About Flushing the Toilet?

Did you know you can still flush the toilet, even if your well pump is stopped.