Insurance

What is a Liability?

Liability

[lahy-uh-bil-i-tee]

noun

1.

Liability is the portion of your Policy that covers you in the event you are found to be responsible for injuries to other individuals or property. Typically, all property and casualty policies, whether home, auto, or other, have personal Liability written into them.

Have A Question About This Topic?

Thank you! Oops!

Related Content

6 Tips to Help You Prepare for Natural Disasters

6 Tips to Help You Prepare for Natural Disasters

Disaster can strike at any time. These six tips can ensure you’re prepared when it does.

Suddenly Single: 3 Steps to Take Now

Suddenly Single: 3 Steps to Take Now

Have you found yourself suddenly single? Here are 3 steps to take right now.

The Right Time to Buy an Annuity

The Right Time to Buy an Annuity

Knowing when to buy an annuity can make a big difference. Learn how timing can influence your decision about if and when to buy.