What is the difference between liability insurance and personal injury insurance?

Liability insurance and personal injury insurance are two forms of insurance coverage that are often confused as they are both intended to protect people and their assets from financial loss caused by unexpected events. Liability insurance is designed to protect policyholders from legal claims and financial losses resulting from an event that is deemed their fault. This type of insurance will help to cover any legal fees associated with defending such a claim, as well as paying for any damages found the policyholder responsible for. Personal injury insurance, on the other hand, is designed to protect policyholders from the financial losses that can occur due to physical or emotional injuries. This type of insurance covers medical expenses, lost wages, and other expenses related to the injury. In New Jersey, certain drivers are required to have personal injury protection (PIP) coverage to ensure that they and their passengers are covered in the event of an accident. While liability insurance and personal injury insurance may overlap in some ways, the primary difference between them is what type of losses they cover. Liability insurance is intended to protect policyholders from losses caused by their own negligence or intentional actions while personal injury insurance is intended to provide financial protection in the event of a physical or emotional injury.

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What is the difference between liability insurance and personal injury insurance?

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