Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [liability]

60 questions
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I co-signed on an apartment for a now ex-boyfriend who refuses to pay. What can I do?

I co-signed on an apartment with my ex-boyfriend when I was 18 and he was 21. We broke up. I am now 26 and it has been in collections for years. He refuses to help pay the debt. I am now stuck with the bills for the apartment and not in the…
Kodi Canty
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Why does Geico ask me not to reveal the limits of my liability coverage in case of a car accident?

I read on my "Evidence of Liability Insurance card" issued by Geico in California, US: What to do at the time of an accident: […] Do not reveal the limits of your liability coverage to anyone. Why does Geico ask me not to reveal the limits of my…
Franck Dernoncourt
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Is it legally safer to purchase a short sale instead of a foreclosure?

I'm considering purchasing a home, and given todays market I've been viewing a lot of foreclosures and short sales. That being said, I have a question on short sale VS foreclosure in terms of legal liability from purchasing a home which I'm having…
Dave
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Does liability auto insurance protect any of your assets?

I'm confused about the Liability auto insurance. Some online resources appear to say that you must have as much liability insurance as the total value of all your assets, whereas others just say to have as much as possible. Say, in the event that…
cnst
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When driving in the USA, how do I insure against large third party claims?

I've been looking into travelling to the USA (CA specifically) later this year, and hiring a car whilst I'm there. As I understand the American legal system, if I should get into an accident and be found at fault, then I'd be liable for any and all…
je4d
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Why would a person not want to purchase a Personal Liability (Umbrella) insurance policy?

I was recently introduced to the concept of the PLP (specifically in the context of providing a globally-following umbrella policy to my renters' and auto insurance). After examining the policy and what it adds onto the others (along with the fact…
warren
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Is "Verified by Visa" a setback compared to previous CC contracts?

My credit card contract features customers protection against fraudulent use of my credit card. I can use chargebacks to protect me, e.g. in case somebody stole my credit card details. Recently credit card companies have show great interest in…
humanityANDpeace
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Umbrella insurance and maximum liability

Let's say that your net worth is $1 million and, to protect yourself, you take out an umbrella insurance policy with a maximum liability of $1 million. Then suppose something terrible happens and you get sued. Is it possible that you could get sued…
minou
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How to get liability insurance for an electric kick scooter in California?

I just purchased a Segway Ninebot ES4 electric kick scooter. I'm from the Netherlands but live in the United States (California). I have a global liability insurance but it excludes motorized vehicles, including electric kick scooters. Is it…
Tom
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Is a website/domain name an asset or a liability?

To what extent can one consider a domain name and/or website to be an asset vs. liability? Clearly the people who have websites that do make big profits off of them consider them to be valuable, intangible assets because of the opportunities to earn…
Schlickster
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Does there exist any insurance concept like liability insurance for mobile/computer application developers?

Lets say that Ram is a freelancer app developer and takes a contract for app development for $6K from an institution. With help of his friend Shyam he develops the app and delivers it to the client at their satisfactory level. However, Ram and Shyam…
PHcoDer
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Stolen Social Security number used to obtain MasterCard - does my friend owe any money?

So... my friend just told me that someone used his SSN to create a MasterCard and used around $6000. So he needs quick money from me. I personally do not understand how. Even if someone can make a MasterCard with my friend's personal info, does…
3232123123
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Are consumers liable for fraud related to bank account and routing numbers?

There's a ton of information about liability related to fraudulent debit and credit card charges, and even a little about fraudulent checks, but I'm having trouble finding similar information about account and routing numbers. Under United States…
jvriesem
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How do I remove one or more names from the title on my car in California

I am trying to remove my sister's name from my car which currently has my name and her's on the title. I can't seem to find information on this at the dmv website apart from Notice of Transfer and Release of liability. Do I do need to change…
Jack Nguyen
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DMV lists me as having the title of a 1972 Dodge that I have never had

I moved back to Florida last year after moving out of the state back in 1995. Since my birthday is coming soon I logged into the Florida DMV to check about renewing my license plates (I have purchased a Toyota and have a Ford lease car). Once logged…
user100487
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