Waitte's Insurance Agency
Serving the area for over 100 years
Waitte's Insurance Agency
Serving the area for over 100 years
Waitte's Insurance Agency
Serving the area for over 100 years
Waitte's Insurance Agency
Serving the area for over 100 years

Liability Insurance

Liability Insurance

There are so many different types of insurance¬†products available that it can be difficult for the average consumer to keep track of them all. One type of coverage that most people unfortunately don’t pay enough attention to is called liability insurance. Like most commercial insurance, it is designed to protect you in a number of different ways depending on the situation.

What Is Liability Insurance?

At its most basic concept, liability insurance is designed to protect you in the event that you are held liable for a lawsuit or some other type of similar claim. If you’ve been found at fault from a car accident, for example, you may be required to pay hospital bills and other types of expenses to the person who was injured. Liability insurance helps to relieve some or all of this burden.

 What Does Liability Insurance Cover?

Liability insurance covers a few different things depending on exactly what type of policy you have. There are generally three different types of limits that you’ll want to concern yourself with. The property damage liability limit covers you in the event that you damage someone else’s property, like a car or a home. Bodily injury limits cover medical expenses and other expenses related to someone who was injured due to an event that you caused. These limits can be governed either by the total number of people who were in a particular accident or on an accident-by-accident basis.

Unique Coverage

Liability insurance varies depending on the type of coverage that it is a part of. The liability coverage on your car insurance claim would cover you in the event of a car accident, for example, but not if someone slips and falls in your home. That would fall under the liability aspect of your homeowner’s insurance policy.

Liability coverage is often required by states so help make sure that people can get money that they are entitled to for situations in which you are libel, even if you are unable to pay that money out of your own pocket.

To find out more about liability insurance , or to learn more about what you can do to secure the best premiums possible, please don’t hesitate to contact Waitte’s Insurance Agency today!