Who Pays for Vehicle Damage if We Are Found Liable?

If the final judgment unexpectedly holds us responsible, who will be responsible for compensating the other party's vehicle? This is a crucial question to address, particularly when facing a potential liability judgment. The answer typically depends on various factors, including the type of insurance coverage and the specific details of the accident. For instance, if you have liability insurance, your insurer may be responsible for covering the damages. However, the extent of coverage and the payout may vary depending on policy terms. It's essential to consult with your insurance provider or legal counsel to understand your specific obligations and the available options in such a scenario.