What types of damages are covered by insurance?

In North Carolina, insurance covers many different types of damages, including property damage, personal injury, and liability. Property damage coverage protects property that is owned or leased by a policyholder, such as a home, vehicle, or other valuable items. This coverage pays for repairs to the property in the event of an accident. Personal injury coverage helps policyholders pay for medical bills, lost wages, and other related expenses, such as transportation and therapy, in the event of an accident. It also provides coverage for pain and suffering, mental anguish, and other non-economic losses. Liability coverage is a type of insurance that protects policyholders against claims of negligence or reckless behavior. This insurance helps to protect policyholders from financial loss due to lawsuits from third parties who have been harmed by their actions. Liability coverage also pays for legal bills associated with defending the lawsuit. All of these types of damages are covered under most insurance policies in North Carolina. It is important to understand what type of coverage you have and the limits of that coverage so that you can make sure you are adequately protected in the event of an accident.

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What types of damages are covered by insurance?

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