_________ Is a Type of Insurance Coverage That Provides Protection

question 67

Multiple Choice

_________ is a type of insurance coverage that provides protection from claims of injuries or damage to people or property. It is also called third-party coverage.

• A) Third-party liability insurance
• B) Liability insurance
• C) Malpractice insurance
• D) Personal injury insurance

---

Definitions:

Bankruptcy Relief

Legal processes and protections afforded to individuals or corporations that are unable to repay their debts, aimed at providing a fresh start or reorganization.

Federal Exemptions

Protections and privileges granted under federal law, often in bankruptcy, that allow individuals to retain certain assets from creditors.

Residence

A place where an individual lives or has their home.

Home Equity

The portion of a homeowner's property value that exceeds the outstanding balance of all liens on the property.