Most Home Insurance Policies Provide Coverage for Minor Accidental Injuries

question 77

Multiple Choice

Most home insurance policies provide coverage for minor accidental injuries on your property under:

• A)earthquake damage.
• B)flood damage.
• C)an umbrella liability.
• D)personal property floaters.
• E)medical payments coverage.

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Definitions:

Strict Liability

A legal principle where a party is responsible for damages caused by their actions, regardless of negligence or intent.

Voting Agreement

A legal pact among shareholders to vote their shares in a certain manner.

Business Judgment Rule

A legal principle that protects company directors from liability for decisions made in good faith and in the interest of the company.

Good Faith

The honest intention to act without taking an unfair advantage over another party during the execution of deals, contracts, and transactions.