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With liability-only auto insurance, you would need to pay out-of-pocket to fix your own car or pay medical bills. Sometimes liability coverage is referred to as minimum coverage .
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 ...
Liability is an important component of a car insurance policy, so understanding how the liability portion of your auto insurance policy works is crucial. Auto liability insurance covers the costs ...
Understanding your car insurance liability limits. Almost every state in the U.S. requires you to have liability coverage.This essential coverage pays for injuries or damage sustained by the other ...
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]
Your car insurance policy may only be top of mind when you need it most, like in the event of an accident, but understanding your coverage ahead of time may ensure you’re sufficiently covered ...
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