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Liability (Property Damage, Bodily Injury, Home, General, Product, Strict) (Glossary Word)

Liability (Property Damage, Bodily Injury, Home, General, Product, Strict)

Rough synonyms for liability would be fault or responsibility. This coverage pays for bodily injury or property damage for which a policyholder is responsible. In an insurance context, liability is determined by negligence and concepts such as 'strict liability' and 'contractual liability'.


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