Which of the Following Statements About Coverage E: Personal Liability

question 4

Multiple Choice

Which of the following statements about Coverage E: Personal Liability under the homeowners 3 policy is true?

• A)Losses attributable to personal injury are covered.
• B)The liability limit stated in the policy is an aggregate limit for the policy period.
• C)The insured must be legally liable for insurer to pay damages.
• D)Bodily injury liability only applies to injuries that occur at the insured dwelling.

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Definitions:

Cash Flows

Incoming and outgoing cash movements in a business or project, crucial for understanding its liquidity and operational efficiency.

Target Cash Balance

The optimal amount of cash that a company aims to hold at any given time to fulfill operational and transactional requirements.

Interest Rate

The fraction of a loan subject to interest charges for the borrower, commonly stated as an annual percentage of the outstanding loan balance.

BAT Model

Stands for Behavioral Adjustment Tax, a concept in economic theories but without a standard definition; alternatively, it may refer to niche or specific theoretical models not widely recognized in mainstream economics.