auto liability policy
1Civil Auto Liability — (Romanian: Răspundere Civilă Auto) is a Romanian motor vehicle liability insurance policy that covers damages caused to third parties.[1] This insurance is legally mandatory for any vehicle owner in Romania.[2] In case of an accident this… …
2Umbrella Personal Liability Policy — A type of insurance policy that provides excess coverage above and beyond the liability coverage amounts in a standard insurance policy. The umbrella policy provides extra protection in the event that a lawsuit exceeds the basic level of coverage …
3Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… …
4Auto insurance risk selection — is the process by which vehicle insurers determine whether or not to insure an individual and what insurance premium to charge. Depending on the jurisdiction, the insurance premium can be either mandated by the government or determined by the… …
5liability insurance — A policy or contract of insurance whereby the insurer agrees to protect the insured against liability arising from an act or omission of the insured which causes injury to the person or the property of a third person, the liability of the insurer …
6no liability clause — A clause in a liability policy, providing that there shall be no liability in case the risk is covered by other valid or collectible insurance. 7 Am J2d Auto Ins § 201 …
7substitution clause in policy — A provision in an automobile liability policy whereby coverage is extended to the use of an automobile driven by the insured by way of substitution for the vehicle designated in the policy of insurance. 7 Am J2d Auto Ins § 103 …
8absolute liability — Liability for an injury resulting to another where no account is taken of the standard of care exercised, often called insurer s liability. 38 Am J1st Negl § 4. Criminal liability of which intent not an element. 21 Am J2d Crinn L § 91. Liability… …
9Umbrella Insurance Policy — Extra liability insurance coverage that goes beyond the limits of the insured s home, auto or watercraft insurance. It provides an additional layer of security to those who are at risk for being sued for damages to other people s property or… …
10limitation of liability — A limitation upon a liability otherwise contracted or assumed by entering into a particular relationship, the most common of which is found in contracts of bailment, limiting the liability of the bailee, 8 Am J2d Bailm § 132, such as a carrier,… …
