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?
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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