Which of the following is a type of auto insurance that covers property damage?Asked by: Isobel Luettgen IV | Last update: August 6, 2022
Score: 4.6/5 (15 votes)
Which type of automobile insurance pays for damage?
Comprehensive car insurance, also referred to as "other than collision" or "comp" insurance, covers issues such as vandalism, theft and damage from natural disasters.
Which of the following types of coverage would pay for damage to your automobile in an accident for which you were at fault?
Collision insurance is a type of coverage that pays for damage to your own car as a result of an accident. Collision insurance will pay out even if you're responsible for the crash.
What is the name for the type of property damage coverage that protects the insured?
While property damage liability helps pay for repairs if you damage someone else's property, like their fence or car. Liability coverage is required by law in most states and is subject to limits, which is the maximum amount your insurer will pay.
What are the 3 types of car insurance?
- Liability coverage. Protects you if you cause damage to others and/or their stuff. ...
- Collision coverage. Covers your car if you hit another car, person or non-moving object (like those darn ornamental rocks cousin Todd has at the end of his driveway). # ...
- Comprehensive coverage.
Property Damage Liability Coverage (Auto Insurance)
What are the 4 types of insurance?
- Home Insurance. As the home is a valuable possession, it is important to secure your home with a proper home insurance policy. ...
- Motor Insurance. Motor insurance provides coverage for your vehicle against damage, accidents, vandalism, theft, etc. ...
- Travel Insurance. ...
- Health Insurance.
Which type of automobile insurance covers the cost of damage caused by fire theft or vandalism?
Comprehensive insurance is a coverage that helps pay to replace or repair your vehicle if it's stolen or damaged in an incident that's not a collision. Comprehensive, sometimes called "other than collision" coverage, typically covers damage from fire, vandalism or falling objects (like a tree or hail).
What is property damage progressive?
If you ever cause an accident, your Property Damage Liability coverage will pay for the damage done to anyone else's property, whether it's another vehicle, a lamppost, or even a house, up to the selected amount.
What does general liability cover?
What does general liability insurance cover? General liability insurance policies typically cover you and your company for claims involving bodily injuries and property damage resulting from your products, services or operations. It may also cover you if you are held liable for damages to your landlord's property.
How does liability insurance protect?
Liability coverage helps cover damages you're responsible for to another party because of an accident. That means it doesn't cover damages to your property or your injuries. Your damages and injuries are protected under other coverages such as: Collision.
Which type of automobile insurance pays for damage to a covered vehicle caused by hitting an object or being hit during an automobile accident?
Collision coverage pays for your vehicle's damage if you hit an object or another car. Comprehensive insurance pays for non-crash damage, such as weather and fire damage. It also reimburses you for car theft and damage from collisions with animals.
What are 4 main types of automobile coverage insurance?
Six common car insurance coverage options are: auto liability coverage, uninsured and underinsured motorist coverage, comprehensive coverage, collision coverage, medical payments coverage and personal injury protection.
What is other than collision coverage?
What is other than collision coverage? Also known as “comprehensive coverage,” this provides coverage for damage to your vehicle caused by events other than a collision. Covered losses can include vandalism, fire, theft, and animal damage (such as hitting a deer), to name a few.
What are the 5 types of auto insurance?
- Liability Insurance. Liability insurance covers you in the event you are in a covered car accident and it is determined the accident is a result of your actions. ...
- Collision Coverage. ...
- Comprehensive Coverage. ...
- Personal Injury Protection. ...
- Uninsured /Underinsured Motorist Protection.
What insurance has two categories bodily injury and property damage?
Auto liability insurance is made up of two components, bodily injury liability coverage and property damage liability coverage.
How is collision insurance different from comprehensive insurance?
Comprehensive coverage protects your vehicle from unexpected damage, such as a tree branch falling on it or hitting an animal, while collision coverage protects against collisions with another vehicle or object.
What is property insurance coverage?
Property insurance is a type of insurance policy that can provide coverage for property owners or renters. Examples of property insurance include homeowners, renters, and flood insurance policies. These policies can provide coverage for damages caused by fire, flooding, theft, weather, and other risks.
What is the difference between auto liability and general liability?
One of the biggest differences is that general liability is only for businesses. In addition, a business doesn't have to purchase auto liability insurance, if they choose to have auto coverage under their general liability policy. Auto liability is available to both individuals and to businesses.
What is the difference between general liability and public liability insurance?
Public liability insurance covers injuries suffered by visitors to your business property. General liability coverage is more extensive, including visitor injuries, employee injuries and defective-product damages.
What does property damage mean on an insurance policy?
What is Property Damage Coverage? If you're responsible for an accident, Property Damage Coverage will take care of the cost of repairing or replacing another person's property. This typically means damage to someone else's car, but it could apply to any other type of property you damage in an accident.
What is property/casualty insurance?
The property-casualty business includes the insurance of personal property (cars, homes) and liability (personal or professional). It covers a broad range of products and services designed for our individual and business clients.
What is comprehensive car insurance?
Comprehensive car insurance is the type of insurance that covers damage to your own insured car, and the damage its use can cause to other vehicles or property. Comprehensive car insurance covers repairs to your car for damage caused by unexpected things like collision, fire, theft or weather events.
What does collision coverage mean?
Collision insurance is a coverage that helps pay to repair or replace your car if it's damaged in an accident with another vehicle or object, such as a fence or a tree. If you're leasing or financing your car, collision coverage is typically required by the lender.
What is third party insurance?
Third-party insurance is the basic insurance cover that takes care only of third-party damages. The recipient of the claim is not the policyholder but another person or vehicle affected by the first party's insured car.
What is a comprehensive loss?
Comprehensive loss means loss arising from any cause other than collision. Breakage of glass, or loss caused by missiles, falling objects, fire, theft, larceny, explosion, earthquake, windstorm, hail, water, flood, malicious mischief, or vandalism, riot or civil commotion is included in this coverage.