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Liability Insurance
Absolute Liability in Insurance
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[QUOTE="Jasz, post: 253576, member: 61772"] Absolute liability is a legal doctrine that holds an insurance company liable for all losses that occur due to a policyholder's negligence. This means that if someone who has purchased insurance for the loss of their home or life, for example, negligently causes the loss in a way that's covered by their policy, the insurance company will be required to pay for those losses. Under absolute liability, an insurance company is not only liable for its own conduct (such as making sure claims are filed and denied fairly) but also for any conduct by its customers that causes losses. The doctrine does not depend on whether or not the insured person was negligent in causing the loss; rather, it focuses on whether or not they were negligent in causing it at all. For instance, if you are injured in an accident, your insurance company will be responsible for paying all of your medical bills, even if they were not at fault. [/QUOTE]
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