Monday, January 30, 2023

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personal liabilty insurance

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People also ask:

What is personal liability insurance called?
Personal liability insurance, also known as "comprehensive personal liability (CPL) insurance," is a component of a homeowners insurance or an umbrella insurance policy that protects you and members of the your household against claims resulting from injuries and damage to other people or their property.
What are personal liabilities?
personal liability. noun [ U ] LAW. the fact of a person, rather than a company or organization, being legally responsible for something: Under certain conditions, trustees can take out insurance against personal liability.
Why is it a good idea to carry personal liability insurance?
Your savings, house, vehicles and other assets could be at risk if you do not have the coverage to compensate the injured or damaged party adequately. Having personal liability insurance coverage helps limit out-of-pocket expenditure if you are at fault for an accident, property damage or personal injury.