Understanding Homeowners Insurance: Personal Liability, Coverage E, F, and Exclusions, Quizzes of Credit and Risk Management

Download Understanding Homeowners Insurance: Personal Liability, Coverage E, F, and Exclusions and more Quizzes Credit and Risk Management in PDF only on Docsity! TERM 1 personal liability insurance DEFINITION 1 protects the named insured and family members against legal liability arising out of their personal actsinsurance also pays defense costs TERM 2 Section II of homeowners policy DEFINITION 2 where you will find personal liability insurance TERM 3 Coverage E DEFINITION 3 protects the insured when a claim or suit for damages is brought because of bodily injury or property damage allegedly caused by an insured's negligence TERM 4 broad based coverage on legal liability DEFINITION 4 Coverage E TERM 5 Occurence DEFINITION 5 an accident which results in bodily injury or proerty damage during the policy period TERM 6 coverage F DEFINITION 6 medical payments to others pays the reasoanable medical expenses of another person who is accidentally injured while on an insured locatin, or by the activities of an insured, resident employee, or animal owned by or in the care of an insured. it is a mini accident policy TERM 7 When Coverage F applies even when DEFINITION 7 the injury occurs away from an insured location TERM 8 coverage F doesnt apply to... DEFINITION 8 the insured or regular residents of the household, other than a residence employee TERM 9 exclusions to coverage E and F DEFINITION 9 expected or intentional injury business activities professional services liability arising from use of: auto, plane, hovercraft, H20 craft uninsured locations war or other military acts communicable diseases sexual molestation, corporal punishment, abuse controlled substances TERM 10 exclusions to Coverage E DEFINITION 10 property owned by the insuredproperty in the care of the insured, with some exceptionsworkers compensationbodily injury to an insured