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Liability Car Insurance

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Car insurance is there to protect us when the unthinkable happens. And when our own actions on the road result in an accident, that protection becomes even more vital.

Most states require drivers to purchase a minimum amount of liability coverage to protect them from financial disaster after an accident.

DMG Realty Group, your Chicago Property Management Source. Chicago Property Management- dmglistings.com Rent, Manage and Maintain your rental property, all in one place. Your landlord has the legal right to charge you for property damage—and it could potentially cost you more than just your security deposit. On the other hand, landlords are people too (really!), and they might not be sweating the small stuff as much as you think. (2) Recklessly or intentionally, by means of fire or explosive, damages property of another person. (b) A person convicted of the offense of criminal damage to property in the second degree shall be punished by imprisonment for not less than one nor more than five years. Condominium owners whose property was contaminated by hazardous material from a city dump that once operated on the site could wait three years after learning their property was permanently damaged before having to file a property damage claim under the state environmental cleanup law, the Supreme Judicial Court has ruled. DMG manages my properties in Chicago. Gabriela and Angelica are a great team! They have gone above and beyond working with me and my tenants! Angelica is friendly and assists with calling tenants and scheduling appointments and very responsible to my calls. Independent and uncompromised commercial real estate consultants. We support clients in acquiring, disposing, managing and all professional matters in property with a focused and problem solving approach.

Determine if your property damage is eligible for deduction according to IRS guidelines. According to investopedia.com, damages classified as 'acts of God' such as earthquakes, landslides and tsunamis may qualify, as well as damage occurring in any location presidentially decreed to be a federal disaster area.

'Liability' means 'responsibility,' and it refers to two different types of financial responsibility in an accident:

• Bodily injury – Damage done to people.
• Property damage – Damage done to vehicles or other property.

Bodily Injury Liability Insurance Coverage

Bodily injury liability coverage, sometimes referred to as “bodily injury insurance,' can protect you financially when you are at fault in an accident that results in physical injury to other people.

Whether it's minor bumps and bruises, serious injuries, or even death, you (the at-fault driver) will carry the burden of paying the costs related to those injuries/deaths.

What Will It Cover?

Bodily injury coverage can help pay for medical expenses and funeral costs to somebody who is hurt in an accident you cause. It is important to note that bodily injury coverage does not pay for your own injuries.

Additionally, bodily injury coverage can help pay for:

• Long-term nursing care.
• Lost income from time off work.
• Pain and suffering.
  • This is an amount determined by a court to address the emotional or physical stress the accident or injuries caused.

There are exceptions to every rule, and this goes for your liability coverage as well. For example, if you cause damage to another person or their property intentionally, your liability insurance will not cover the damage.

Dmg entertainment films produced. Be sure to check your policy carefully so you know the specifics on what is and is not covered after an accident.

Buying Bodily Injury Liability Insurance

All major car insurance carriers offer bodily injury liability coverage, even in states where it is not required by law. Shop around to find the coverage that best suits your needs.

When you purchase your car insurance, you may notice that your policy includes 2 different numbers associated with bodily injury. For example, you'll likely see it written something like $15,000/$30,000.

This is because liability car insurance always includes 2 different bodily injury limits:

• Limit per person – The maximum amount your insurance will pay out for bodily injury to a single person in a car accident.
• Limit per accident – The total maximum amount your insurance will pay out for bodily injury if multiple people are hurt in a car accident.

A good rule of thumb for many buyers is to purchase the highest bodily injury liability coverage limit they can afford.

If your coverage isn't sufficient to pay for all injury-related costs in an accident you caused, you are susceptible to lawsuits for the remainder of the money, putting your assets (such as your home) at risk.

Property Damage Liability Insurance Coverage

Property damage liability insurance covers the cost of damages to someone else's property after an accident you cause.

Most commonly, your property damage will pay out when you are at fault for an accident that causes damage to someone else's car. However, property damage will cover other property types as well.

What Property Damage Coverage Covers

Property damage liability insurance takes effect when your vehicle is involved in an accident and found at least partially at fault for causing damage to another person's property.

Exactly what your liability insurance covers varies according to your policy and amount of coverage, so read the contract carefully or ask your insurance agent.

Typically, property damage liability insurance covers repair and/or replacement of:

• Damaged vehicles.
• Damaged personal property, such as a house, a fence, or a lamppost.

What If My Car Gets Damaged?

Property damage liability coverage does not pay for damages you cause to your own vehicle or personal property.

To ensure you'll be able to pay for damage to your own property, consider getting collision and/or comprehensive coverage.

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Buying Property Damage Liability Insurance

The importance of property damage cannot be overstated. It's safe to say that you're probably going to cause at least some damage if you get into any accident. This will leave you having to pay the costs if you are at least partially at fault. As with bodily injury, your home and other assets can be put at risk in lawsuits involving property damage.

When you look at a liability insurance policy, you'll typically see it written as such:

$15,000/$30,000/$20,0000

The first 2 numbers represent the bodily injury coverage amounts. The 3rd number represents property damage liability coverage.

Property damage is not split into “per person' and “per accident' like bodily injury. It covers a maximum amount per accident.

A basic liability insurance policy will include property damage liability. Make sure you understand your state's requirements for car insurance and comparison-shop for the best liability insurance policy.

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Property damage (or, in England and Wales, criminal damage) is damage to or the destruction of public or private property, caused either by a person who is not its owner or by natural phenomena.^[1] Property damage caused by people is generally categorized by its cause: neglect (including oversight and human error), and intentional damage. Intentional property damage is often, but not always, malicious. Property damage caused by natural phenomena may be legally attributed to a person if that person's neglect allowed for the damage to occur.

Intention[edit]

Intentional property damage may be considered a form of violence, albeit one usually (but not always) less reprehensible than violence which does bodily harm other living beings. For example, allowing a pacemaker to fail or a well to become poisoned may qualify as both property damage and lead to bodily harm. On a similar note, certain forms of property damage may prevent bodily harm, such as breaking a piece of machinery that was about to injure a person. Some argue that property damage signals a willingness to do bodily harm or otherwise intimidates the free flow of communication in political or economic debates. Mohandas Gandhi was of this opinion.

Classification[edit]

The term vandalism is often used synonymously with intentional property damage, although that term is often associated with superficial or aesthetic damage, such as defacement. When property damage is undertaken for the purpose of intimidating a government or society at large, it may be categorized by government agencies as terrorism.^{[citation needed]} In certain contexts, the relations between these terms are inextricably politicized. For example, the Earth Liberation Front has claimed responsibility for a number of incidents of property damage, but claims to have never harmed a living being, and in fact has a doctrine forbidding members from doing so.^{[citation needed]} However, the Federal Bureau of Investigation classifies them as a 'terrorist' group ostensibly because they send a political and ideological message with this destruction. Meanwhile, the United States Department of Defense restricts the term 'terrorist' to groups that do actual bodily harm.

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Property damage tactics in the labor-, peace- and environmental movements[edit]

Property damage tactics have been part of the labor movement, peace movement, ecology movement, environmental movement and anti-globalization movement, among others. The infrastructural capital of loggers, miners, fishers, suburbanhousing developers, the mass media, employers who are subject to strike actions, and even police forces have been targeted. The property so targeted, in most cases with the notable exception of labor actions, tends to be that which is deemed to be causing or threatening some form of damage to living beings. Typical examples include Greenpeace sabotage of bulldozers, peace movement activists entering NATO bases by breaking fences, and Earth Liberation Front destruction of empty new homes that they deem to be imposing on the Arizona desert ecoregion.

In the United States, many public protest slaughters were held in the late 1960s and early 1970s by the National Farmers Organization. Protesting low prices for meat, farmers would kill their own animals in front of media representatives. The carcasses were wasted and not eaten. However, this effort backfired because it angered television audiences to see animals being needlessly and wastefully killed.^[2]

See also[edit]

References[edit]

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1. ^'Property damage'. The Free Dictionary. Retrieved 13 February 2019.
2. ^Page 19 of Growing a New Agrarian Myth: The American Agriculture Movement, Identity, and the Call to Save the Family Farm by Ryan J. Stockwell