What is the Definition of Bodily Injury Liability Coverage?

What is the Definition of Bodily Injury Liability Coverage?

Portion of an auto insurance policy that covers injuries the policyholder causes to someone else.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Bodily Injury Liability Coverage?

What is the Definition of Bodily Injury Liability Coverage?

Check out other definition of insurance terms below:


What is the Meaning of INDEMNIFY In Insurance Terms?

Provide financial compensation for losses.


What is the Meaning of INDEPENDENT AGENT In Insurance Terms?

Agent who is self-employed, is paid on commission, and represents several insurance companies. (See Captive agent)


What is the Meaning of INDETERMINATE PREMIUM LIFE INSURANCE POLICY In Insurance Terms?

A type of nonparticipating whole life policy that specifies two premium rates—both a maximum guaranteed rate and a lower rate. The insurer charges the lower premium rate when the policy is purchased and guarantees that rate for at least a stated period of time, after which the insurer uses its actual mortality, interest, and expense experience to establish a new premium rate that may be higher or lower than the previous premium rate. Also known as nonguaranteed premium life insurance policy and variable premium life insurance policy.


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