What is liability insurance?

Liability insurance is a type of insurance that helps protect individuals or businesses from the financial costs of being held responsible for an accident. In Kansas, liability insurance is required for almost any driver, as well as for those who own property or are involved in any kind of business. Liability insurance is a type of coverage that helps pay for legal costs if you’re found liable for an accident, and compensates anyone you injure in an accident. This means that if you are the at-fault driver in an accident, your liability insurance will help cover damages to the other party, like medical costs or repairs to their vehicle. It can also help pay legal costs if the other party takes you to court. Liability insurance is an important part of making sure you’re protected if you’re responsible for an accident. It’s important to remember that if you don’t have the right amount of coverage, you could be financially responsible for any damages that exceed your policy limits. Therefore, it’s important to make sure you always have enough liability insurance to cover any potential losses.

Related FAQs

What is medical malpractice?
What are the key elements of a negligence claim?
What is subrogation?
What is a third-party claim?
What is a civil case?
What is the difference between a lawsuit and an insurance claim?
What is a workers’ compensation claim?
What is the difference between a settlement and a verdict?
Can I still make a claim if I was partially at fault for an accident?
What if the other party does not have insurance?

What is liability insurance?

Related FAQs

Related Blog Posts