What Type of Personal Liability Coverage Is Also Called a Personal

question 83

Multiple Choice

What type of personal liability coverage is also called a personal catastrophe policy?

• A)Umbrella policy
• B)Personal property floater
• C)Coinsurance floater
• D)Assigned risk clause
• E)Medical payments coverage

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Definitions:

Futures Contracts

Legal agreements to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Spot Price

The current market price at which a particular asset can be bought or sold for immediate delivery.

Arbitrage Opportunities

Situations where a trader can make a profit from the price difference of a security or commodity in two different markets without risk.

Spot Price

The current market price at which a particular asset, such as a commodity, currency, or security, can be bought or sold for immediate delivery.