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Liability Insurance
What does it mean to purchase a liability insurance policy
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[QUOTE="Phabbyfundz, post: 154939, member: 49202"] I have been coming across this term liability insurance but I am still oblivious about its true meaning and what does it stand to do or of what benefit is it to the insured or purchaser of this kind of insurance policy. What does liability insurance cover go, are you insuring properties, or goods of less value to you. Because liability is anything that doesn't add any real worth to you but instead is a means that takes away valuable funds from you. So if I am purchasing a liability insurance policy plan with any insurance company or firm what are the things or property that at allowed to be insured under this kind of insurance policy or plan. Is it a premium insurance policy or plan and what are the conditions before the insurance company can come to the client aid. [/QUOTE]
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What does it mean to purchase a liability insurance policy
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