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RMI 3011 Chapter 17 RMI 3011 Florida State University -Question and answers rated A+ $13.49   Add to cart
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RMI 3011 Chapter 17 RMI 3011 Florida State University -Question and answers rated A+
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RMI 3011 Chapter 17 RMI 3011 Florida State University -Question and answers rated A+ Personal liability insurance - correct answer protects the named insured and family members against legal liability arising out of their personal acts. - The insurer pays amount for which the insured is foun...

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  • November 30, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • rmi 3011 chapter 17
  • rmi 3011 chapter 17 question and answers rated a
  • rmi 3011 chapter 17 rmi 3011 florida state univers

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RMI 3011 Chapter 17 Question and
answers rated A+
Personal liability insurance - correct answer ✔protects the named insured
and family members against legal liability arising out of their personal acts.


- The insurer pays amount for which the insured is found legally liable, up to
the policy limits.
- The insurer also pays defense costs.
- The coverage is found in Section II of the Homeowners policy.


Coverage E - correct answer ✔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.


- The coverage is broad and based on legal liability.
- The policy contains a per-occurrence limit.
- The insurer provides a legal defense, even if the suit is frivolous or
fraudulent.


An occurrence - correct answer ✔is defined as an accident which results in
bodily injury or property damage during the policy period.


Coverage F - correct answer ✔is a mini-accident policy


The insured is not required to be legally liable.

, Coverage does not apply to the insured or regular residents of the household,
other than a residence employee.


Coverage applies even if the injury occurs away from an insured location.


Medical payments to others - correct answer ✔pays the reasonable medical
expenses of another person who is accidentally injured while on an insured
location, or by the activities of an insured, resident employee, or animal
owned by or in the care of an insured.


Some exclusions apply to both Coverage E and Coverage F - correct answer
✔1. Liability arising out of the use of a motor vehicle, with some exceptions.
2. Liability arising out of the use of an aircraft, hovercraft, or certain watercraft.
3. Expected or intentional injury.
4. Business activities, with some exceptions.
5. Professional services.


Section II Exclusions - correct answer ✔1. Liability arising out of the use of
an uninsured location.
2. War or other hostile military acts.
3. Liability arising out of the transmission of a communicable disease.
4. Bodily injury or property damage arising out of sexual molestation, corporal
punishment, or physical or mental abuse.
5. Liability arising out of the use, sale, manufacture, delivery, transfer, or
possession of controlled substances.


The homeowners policy automatically includes several additional coverages: -
correct answer ✔Claim expenses, first aid expenses, damage to property of
others

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