Auto liability — coverage?
Bodily injury and property damage liability.
Casualty & liability insurance — coverage?
Legal liabilities for damages or injuries to third parties
UM/UIM — meaning?
Uninsured and underinsured motorist coverage.
Auto liability — covers?
Bodily injury and property damage
Bonds — purpose?
Guarantee performance or honesty.
UM/UIM — purpose?
Cover injuries from uninsured/underinsured drivers
Commercial auto — exclusion?
Truckers; covers autos for business
Garage coverage — insures?
Auto dealers, repair shops, garagekeepers
CGL — covers?
Bodily injury, property, personal injury
BOP — combines?
Property and liability insurance
Workers comp — provides?
No-fault coverage for work injuries
Test your knowledge with 10 questions on Casualty and Liability Insurance Fundamentals.
1. What is the primary purpose of the liability part (Part A) in an automobile insurance policy?
2. What is the primary purpose of casualty and liability insurance policies?
Review the complete course in the revision sheet for Casualty and Liability Insurance Fundamentals.
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