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
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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
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
Expert Solution
Step 1
Bodily injury and property damage liability policies protects the insured when insured is at fault in the accident.
Bodily injury liability insurance covers the costs of medical expenses of injuries caused to other driver or passenger in an accident caused due to insured fault.
Property damage liability insurance covers the costs of damages to other driver’s vehicle expenses / property caused due to insured fault.
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