What is meant by the term “liability insurance”?
A – Quoting from the policy: the insurer “will pay those sums that the insured becomes legally obligated to pay as compensatory damages because of ‘bodily injury’ or ‘property damage’ to which the insurance applies”. “Bodily injury” means bodily injury, sickness or disease sustained by a person, including death resulting from any of these at any time. “Property damage” means: a. Physical injury to tangible property, including all resulting loss of use of that property; or b. Loss of use of tangible property that is not physically injured.” For further clarification of the policy coverage and limitations, you should obtain a copy of the policy (see below).
A. – Quoting from the policy: the insurer “will pay those sums that the insured becomes legally obligated to pay as compensatory damages because of ‘bodily injury’ or ‘property damage’ to which the insurance applies”. “Bodily injury” means bodily injury, sickness or disease sustained by a person, including death resulting from any of these at any time. “Property damage” means: a. Physical injury to tangible property, including all resulting loss of use of that property; or b. Loss of use of tangible property that is not physically injured.” For further clarification of the policy coverage and limitations, you should obtain a copy of the policy (see below).
