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What is liability in auto insurance for?

Posted: February 6th, 2010 | Author: | Filed under: Finance | Tags: , , , , , , , , , , , , , , , , , , , | No Comments »

When speaking about liability, many seem to forget the initial meaning of the word, which would let them understand better anything that has to do with “liability” in this country. “Liability” means that “there’s a possibility” if used in broader terms. In legal glossary, liability tends to be associated with words “owing” and “responsibility” meaning that a person or entity is forced to hold responsibility for certain actions with respect to the legal framework of the state or federal level. The same meaning spreads to the field of insurance too.

In most cases, such a responsibility… [More]


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About Uninsured/Underinsured Motorist Coverage

Posted: February 5th, 2010 | Author: | Filed under: Finance | Tags: , , , , , , , , , , , , , , , , , , | 1 Comment »

Having an accident with a driver who has no auto insurance coverage can place you and your insurance company in an unpleasant situation. However, having uninsured/underinsured motorist coverage allows you to rest assured that you’ll receive coverage no matter what. While having an accident with such a driver may sound quite unlikely, since all states legally require drivers to have auto insurance, fact is that there the number of uninsured drivers can go up to 25% in certain places.

What is UM or UIM?

Uninsured or underinsured motorist coverage will pay for injuries or… [More]


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