Personal Liability Insurance
Personal liability insurance, also known as "comprehensive personal liability (CPL) insurance," is a component of a homeowners insurance or an umbrella insurance policy that protects you and members of the your household against claims resulting from injuries and damage to other people or their property. It prevents you from having to pay large sums out of pocket if you are held legally responsible (liable) for something detrimental that happens to a third party.
Original Article Source Credits: Investopedia , https://www.investopedia.com/
Article Written By: JULIA KAGAN
Original Article Posted on: Jan 9, 2021
Link to Original Article: https://www.investopedia.com/terms/c/comprehensive-personal-liability.asp