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

When is a settlement considered taxable income?
What is the difference between general damages and special damages?
What is a No-Fault Accident?
What is joint and several liability?
What is a third-party claim?
What is the collateral source rule?
What do I need to prove to win a personal injury case?
What steps should I take if I'm injured in an accident?
What is the discovery period in a personal injury case?
What is the standard of proof in a personal injury case?

What is liability insurance?

Related FAQs

Related Blog Posts