Liability Coverage Under a Homeowner's Insurance Policy Normally Does Not

question 62

True/False

Liability coverage under a homeowner's insurance policy normally does not apply to liability that arises from business or professional activities.

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Definitions:

Formula

A concise way of expressing information symbolically, as in a mathematical or chemical formula.

Perfect Substitute

Goods or services that can be used in place of each other with no loss of utility by the consumer.

Indifference Curve

Represents combinations of two goods that provide the same level of satisfaction to a consumer.

Indifference Curve

A graph showing different bundles of goods between which a consumer is indifferent, representing equal levels of utility or satisfaction.