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.

Share |
 

Related Content

Combine Your Policies and Save

Combine Your Policies and Save

Some things just make perfect sense in pairs.

Did You Know This Fact About Carpooling?

Did You Know This Fact About Carpooling?

Carpooling might save you money on your premiums.

Long-Term-Care Protection Strategies

Long-Term-Care Protection Strategies

The chances of needing long-term care, its cost, and strategies for covering that cost.