Section II ( personal liability) Coverage under a homeowner's policy provides coverage for Intentional actions of the insured claims arising out Professional Services rendered by the insured actions of the insured’s dog Claims against the insured for injuries arising from an aircraft-related accident

Section II ( personal liability) Coverage under a homeowner's policy provides coverage for Intentional actions of the insured claims arising out Professional Services rendered by the insured actions of the insured’s dog Claims against the insured for injuries arising from an aircraft-related accident

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter10: Managing Property And Liability Risk

Section10.3: Homeowner’s Insurance

Problem 4CC

See similar textbooks

Similar questions

Homeowners insurance provides coverage for: Damages that the insured becomes legally obligated to pay because of bodily injury or property damage. Perils not named in a named peril policy. The insured's personal, nonbusiness activities that occur anywhere. Damages resulting from intentional acts of an insured.
Bodily injury and property damage liability policies protect an insured for Loses for which the insured is legally liable Losses to the business property the insured owns Damage to the insured’s private property caused by a visitor The insured personal medical bills
A comprehensive general liability policy includes property damage coverage for which of the following incidents? An insured intentionally causes a fire that burns down the building in which he is the sole tenant. An insured personal property on the premises destroyed by a fire An insured repair a boiler for a dry cleaner that explodes and causes extensive damage to the building An insured leases a computer that is subsequently damaged by an employee.
Fire loss sustained on business asset which was insured is deductible- a. In the period of loss b. In the period of insurance settlement c. In the period deemed practical by the taxpayer d. It is not deductible because the lost asset was insured
1. S1: Maker Co, a manufacture and dealer of household appliances, agrees to indemnify a customer of any loss or damage that the customer may sustain from the use of purchase appliance. The contract to indemnify the customer in case of loss event is accounted for under PFRS 15. S2: Under insurance contract, the party that has a right to compensation if the insured event occurs is referred to as the policyholder. Only S1 is correct. Both statements are correct Only S2 is correct. Both statements are incorrect. 2. It is the change in the relation of the partners caused by any partner being disassociated from the business. Dissolution Formation Liquidation Operations 3. If the promise to grant a license is distinct and that the license provides the customer the “right to access” the entity’s intellectual property, how is revenue recognized from the initial fee in the contract? in full when the initial services to setup the contract are substantially performed deferred and…
The PRIMARY function of an umbrella liability insurance policy is to provide coverage for • A. personal property damage caused by inclement weather. B. legal claims that exceed the policyholder's primary liability insurance limits. C. multiple dwellings and vehicles under a single insurance policy. D. vehicles that are either rented or borrowed by the policyholder.
Placing the insured in the same position financially as he or she or it was in immediately before the loss or damage took place. For this purpose, the insurance companies are: a. Paying compensation to the insured b. Paying commission to the insured c. Paying salaries to employees d. Paying commission to the agents
Which one (1) of the following statements regarding the Uninsured Automobile Coverage in your insured's O.A.P. 1 Owner's Policy is correct?•It provides coverage for liability to others in case your insured forgets to renew his/her policy.•It only covers bodily injury but never accidental damage to the insured's own automobile.•It includes a certain amount of coverage for accidental damage to the insured's automobile caused by a hit and run automobile, where neither the owner nor driver of the other automobile is identified.•It includes a certain amount of coverage for accidental damage to the insured's automobile provided the owner or driver of the uninsured automobile is identified.
The insurance Commissioner must approve which of the following types of insurance rates prior to their use: A. Fire B. Title C. Inland marine D. Workers Compensation Loss Cost
ABC a manufacturer of appliances, approved to insure a customer for any loss or damage that the customer may incur from the use of a purchased appliance which is covered under PFRS 17. Is this true or not? Can you please explain to me why?
F2. Which of the following statements regarding comprehensive personal liability (CPL) coverage are CORRECT? Select all that apply Generally, intentional injury is excluded. Liability due to slander or libel is included. Liability arising from the use of an automobile is included. They exclude most liabilities due to the operation of watercraft.
Which of the following can help to mitigate the cost of professional negligence? a. Obtaining indemnity from the client b. Having a professional liability insurance c. Obtaining indemnity from the attorney d. All of the above