google bot detected Automobile Liability Insurance | Insurance Glossary | Realestateagent.com

Automobile Liability Insurance


Definition of "Automobile liability insurance"

Christine   Altamuro
  Keller Williams Realty

Coverage if an insured is legally liable for bodily injury or property damage caused by an automobile. The personal automobile policy (PAP) and the business automobile policy (BAP) cover the judgment awarded (up to the limits of the policy) and the court cost and legal defense fees. Experts advise against driving an automobile without automobile liability insurance as a matter of common sense, and because state laws require such a policy or evidence of financial responsibility. Passengers in automobiles should assure themselves that drivers are covered by this insurance.



Related Real Estate Glossary terms

Related Real Estate FAQ