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Types of Insurance – Liability

Liability Insurance

Liability insurance protects you from personal and financial loss that may result from lawsuits against you. Liability implies that you have a legal responsibility to someone and must pay for personal injury or property damage caused by neglect on your part. Let’s say in a court action you are found to be negligent. You have liability insurance. The insurance company will pay a settlement amount as specified in the insurance contract.

 

 

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