Navigating the world of insurance can feel overwhelming, especially when faced with a multitude of policy options. Understanding the nuances of liability insurance, and specifically when “liability insurance only” is sufficient, is crucial for individuals and businesses alike. This guide provides a clear and concise exploration of liability insurance, detailing its core concepts, various types, and crucial considerations for making informed decisions. We’ll delve into the specific circumstances where liability insurance offers adequate protection, contrasting it with other insurance types and highlighting scenarios where additional coverage might be beneficial. We’ll also examine the claims process, potential limitations, and the Read More …