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Property damage liability. This coverage is designed to pay, fix or replace other people's property you damage in an accident, whether it's their car, motorcycle, boat, bicycle, fence, mailbox ...
Find out what car insurance covers to help you make insurance decisions. ... property damage. Uninsured motorist coverage may have the same limits as your liability coverage, but they can also ...
Key takeaways. Most states require drivers to carry liability coverage, including bodily injury liability and property damage liability. Collision and comprehensive coverage are optional, but if ...
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
The minimum coverage defined by German law for car liability insurance / third-party personal insurance is €7,500,000 for bodily injury (damage to people), €500,000 for property damage and €50,000 for financial/fortune loss which is in no direct or indirect coherence with bodily injury or property damage. [24]
Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal acts of third parties. For example, a company can obtain crime insurance to cover losses arising from theft or embezzlement. Terrorism insurance provides protection against any loss or damage caused by terrorist activities.
In 2022, car insurance claims averaged $24,211 for bodily injury and $5,313 for property damage, according to the Insurance Information Institute. Regardless of the type of coverage, one of the ...
Guaranteed asset protection insurance (or GAP Insurance) is an insurance coverage offered as a supplement to automobile insurance policies or auto loans. A GAP policy covers the difference between the value of a car (i.e., what the insurance company will typically pay), and what the borrower owes on the loan if the car is totaled or stolen.