Each Automobile Policy Contains Both Liability and Property Damage Coverage

question 135

True/False

Each automobile policy contains both liability and property damage coverage.

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Definitions:

Imposed

Set or laid as a burden, duty, tax, or penalty; usually applied or enforced authoritatively.

Acceptance

The act of agreeing to the terms of an offer, thereby creating a binding contract.

Written Document

A physical or digital record that contains information or evidence in a format that can be read or understood.

Binding Contract

A legally enforceable agreement between two or more parties, where each is obligated to fulfill certain terms or face legal consequences.