Liability Insurance Coverage Definition

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    Automobile Liability Insurance

    • The most common type of liability coverage is found in automobile insurance. If you are involved in an accident and found responsible, the other parties may sue you for bodily injury and/or the cost of repairs. The insurance that protects you in that event is the liability portion of your auto coverage.

    Professional Liability Insurance

    • Professionals such as doctors, lawyers and even investment advisers commonly carry malpractice insurance, which is a type of personal liability insurance. The insurance protects the professional against claims by clients that his negligent actions caused harm to the client.

    Homeowner's Liability Insurance

    • When you own a home you may be sued if someone injures himself on your property and proves that your negligent behavior caused the accident. Homeowner's insurance allows you the option to purchase liability protection against that possibility.

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