Section 2: Lesson 7 Homeowners & Personal Liability

Question 1

The basic premises of a homeowners or Personal liability insuring agreement states that’s:

Answer 1

It pays on behalf of the insured all sums a person is “legally obligated to pay” because of BI and PD caused by an occurrence.

Question 2

Homeowner’s Personal coverage would cover if:

Answer 2

One was to accidentally knocked down a pedestrian walking the sidewalk on his daily 5 min run

Question 3

Medical payments coverage in the homeowner’s policy offers what kind of insurance?

Answer 3

“Goodwill” coverage that pays medical bills incurred by others in an accident on the insured premises, regardless of fault or legal liability of the Insured.

Question 4

Which of the following coverages would Homeowner’s Personal Libility not provide?

Answer 4

Coverage for the dwelling and all personal property within it

Question 5

Homeowners Personal Liability will not provide the following coverage:

Answer 5

Watercraft coverage for a 19 ‘ high performance bass boat with a 150 hp motor

Question 6

What kind of exposure would be covered under a Homeowner’s policy?

Answer 6

operating a motorized cart purchased for a disabled spouse

Question 7

“Once the falsity of libelous slanderous defamation is proven, damages need not be proven because…..

Answer 7

Damages are legally presumed; only the extent of damages (i.e. how much”)need to be proven.

Question 8

The perfect defense to a claim of defamation(i.e. libel or slander) is:

Answer 8

that what was Said or written was the truth

Question 9

Which would be covered under Personal Injury Liability Coverage?

Answer 9

You write an editorial for a newspaper stating that a neighborhood lawn care company engages in unethical business practices. The owner sues you.