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Whats the difference between liability and property damage?
Bodily injury liability refers to the other partys medical expenses, pain and suffering, and lost wages as a result of the accident, while property damage coverage is responsible for the damage sustained by their vehicle.
What are three types of property or liability insurance?
There are three types of property insurance coverage: replacement cost, actual cash value, and extended replacement costs. Replacement cost covers the cost of repairing or replacing property at the same or equal value. Actual cash value coverage pays the owner or renter the replacement cost minus depreciation.
What is the difference between liability and property insurance?
Property insurance protects the structure of your home (dwelling coverage) and your belongings (personal property coverage). And personal liability coverage protects you if youre legally responsible for damage to someones property, or if you accidentally injure someone whether youre at home or away from it.
What is House liability?
Homeowners Liability Coverage The personal liability portion of your homeowners insurance policy covers you against lawsuits for injury or property damage that you or your family members cause to other people. It also pays for damage caused by your pets.
Financial Partners | Knowledge Center - FSA Partner Connect
Mar 28, 2021 The Financial Partners page promotes a greater program integrity through innovation technical development, oversight, technical assistance,
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