Liability Insurance, from Life in the USA: The Complete Guide for Immigrants and Americans

Life in the USA is a complete guide to American life for immigrants and Americans. All materials on this site Copyright © Elliot Essman 2014. All rights reserved.    Home    Back    Next

Life in the USA
Personal Finance
Insurance

Liability Insurance
Liability insurance for individuals is not considered a strict necessity, although many homeowners purchase it to protect their homes. Nearly all states mandate a minimum level of liability insurance for automobiles.

Liability insurance protects you from financial losses if somebody successfully sues you for a personal injury or other type of loss that the court decides was your fault or responsibility. For most individuals, the liability insurance their carry on their homes and automobiles is sufficient. Liability insurance is highly desirable for businesses and professional practices, however, and is sometimes legally required.



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