Which of the Following Losses Would Be Covered Under the Personal

question 23

Multiple Choice

Which of the following losses would be covered under the personal liability coverage (Coverage E) of an unendorsed Homeowners 3 policy?

• A)liability arising out of the manufacture and sale of illegal narcotics
• B)liability arising out of damage to a neighbor's property that occurred over time
• C)liability arising out of a business operated in the home.
• D)liability arising out of bodily injury to an insured

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Definitions:

Accounts Receivable Approach

A method to estimate the financing or adjustments needed in the accounts receivable area of a company's balance sheet.

Cost Of Switching

Cost of switching refers to the expenses a customer incurs as a result of changing from one product, supplier, or system to another.

Credit Policy

Guidelines a company follows to determine credit terms for customers, such as payment period and discounts for early payment.