What types of damages are covered by insurance?

In Washington, damages that are covered by insurance often depend on the type of insurance policy that has been purchased. Generally, insurance policies are divided into two categories: first-party and third-party. First-party coverage is when an individual is insured against damages that they personally suffer, such as property damage or medical expenses. Third-party coverage typically covers damages that are incurred from the actions of another person, such as if someone else were responsible for an accident that caused you injury. In Washington, common first-party damages covered by insurance policies include medical expenses, physical injury, and economic losses in cases of disability or death. Other damages may be covered depending on the type of policy that the insured purchased. Common third-party damages covered by policies include legal expenses, property damage, and medical expenses. It is important to note that all insurance policies have exclusions and limitations on what they will and will not cover. Therefore, it is important to read the fine print of your policy to determine what exactly is and is not covered in your policy. Additionally, some insurance companies may offer additional coverage that is not stated in the policy, such as additional financial compensation or legal representation in cases of dispute.

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What types of damages are covered by insurance?

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