what is the purpose of liability insurance? it provides proof that you will be financially responsible if…

what is the purpose of liability insurance? it provides proof that you will be financially responsible if you injure someone or cause damage to property. it covers the cost of damage to your vehicle even if you are at fault in the crash. it pays medical expenses if you were in a crash riding in someone elses vehicle. what does collision insurance cover? it covers damage to your car caused by a natural disaster. it covers the cost of damage to your vehicle even if you are at fault in the crash. it covers hospital, medical and funeral costs regardless of who is at fault.

what is the purpose of liability insurance? it provides proof that you will be financially responsible if you injure someone or cause damage to property. it covers the cost of damage to your vehicle even if you are at fault in the crash. it pays medical expenses if you were in a crash riding in someone elses vehicle. what does collision insurance cover? it covers damage to your car caused by a natural disaster. it covers the cost of damage to your vehicle even if you are at fault in the crash. it covers hospital, medical and funeral costs regardless of who is at fault.

Answer

Brief Explanations:

Liability insurance is for financial responsibility in case of injury or property - damage caused by the insured. Collision insurance covers vehicle damage when the insured is at - fault in a crash.

Answer:

What is the purpose of liability insurance?

  • It provides proof that you will be financially responsible if you injure someone or cause damage to property.

What does collision insurance cover?

  • It covers the cost of damage to your vehicle even if you are at fault in the crash.