What damage would be covered for liability insurance?
Liability insurance helps cover third-party claims of property damage or bodily injury. These policies don't provide coverage for the policyholder. For example: Bodily injury liability coverage won't help cover your medical bills if you get hurt in a car accident that you caused.
What is covered by liability?
What is auto liability insurance coverage? Auto liability insurance coverage helps cover the costs of the other driver's property and bodily injuries if you're found at fault in an accident.
What are the liabilities of an insurance company?
These liabilities mainly consist of the funds (“insurance technical reserves”) that insurance corporations have put aside to fulfil their future payment obligations towards policyholders. Liabilities also include insurance corporations' equity, loans received and other financial obligations.