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LSDefine

Simple English definitions for legal terms

liability insurance coverage

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A quick definition of liability insurance coverage:

Liability insurance coverage is a type of insurance that helps protect you if you accidentally hurt someone or damage their property. It's like a safety net that pays for the costs of the damage you caused. For example, if you crash your car into someone else's car, liability insurance will help pay for the other person's car repairs and medical bills. It's important to have liability insurance so that you don't have to pay for these costs out of your own pocket.

A more thorough explanation:

Liability insurance coverage is a type of insurance policy that protects the insured person or business from financial losses resulting from their negligence or wrongdoing that causes harm to another person or their property. This type of insurance policy is also known as third-party liability insurance because it covers the insured person's liability to a third party.

For example, if you have liability insurance for your car and you get into an accident that injures someone, your liability insurance will cover the cost of the injured person's medical bills and other damages. Similarly, if you own a business and a customer slips and falls on your property, your liability insurance will cover the cost of the customer's medical bills and any other damages they may have suffered.

Liability insurance coverage is based on the concepts of fault, proximate cause, and duty. This means that the insured person or business is covered for their own negligence or wrongdoing that causes harm to another person or their property. The insurance policy will only cover damages that are directly related to the insured person's actions and that were reasonably foreseeable.

liability | liable

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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