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Property and Casualty Chapter 4 Questions
with Answers (100% Correct Answers)
____ policies are designed to protect your assets if you or your stuff injures
someone else or destroys their property and you are legally liable to pay for the
damages. Answer: Liability
Liability policy benefits are paid by your insurance company to a _____ for
damage you did to their body (__) or their property (__). Answer: third party
(The Other Guy), BI, PD
The physical destruction or injury to a human being is called ____. Answer:
Bodily Injury
The physical destruction or damage to stuff is called ____. Answer: Property
damage
Injury to a person's reputation or mental state is called ____. Answer: Personal
Injury
Injury to a business's reputation or public image is called ____. Answer:
Advertising Injury
There are two ways in which you can become legally obligated to pay: ____
and _____. Answer: Settlement and Judgment
____ law governs wrongs between individuals. Answer: Tort
____ law governs wrongs between individuals and society. Answer: Criminal
____ is the failure to do or not do what the Reasonable Person would do or not
do in the same or similar circumstances. Answer: Negligence
There are four elements necessary to prove a case of negligence: Duty, _____,
Proximate Cause and ____. Answer: Breach of Duty and Damages
Property and Casualty Chapter 4 Questions
with Answers (100% Correct Answers)
____ policies are designed to protect your assets if you or your stuff injures
someone else or destroys their property and you are legally liable to pay for the
damages. Answer: Liability
Liability policy benefits are paid by your insurance company to a _____ for
damage you did to their body (__) or their property (__). Answer: third party
(The Other Guy), BI, PD
The physical destruction or injury to a human being is called ____. Answer:
Bodily Injury
The physical destruction or damage to stuff is called ____. Answer: Property
damage
Injury to a person's reputation or mental state is called ____. Answer: Personal
Injury
Injury to a business's reputation or public image is called ____. Answer:
Advertising Injury
There are two ways in which you can become legally obligated to pay: ____
and _____. Answer: Settlement and Judgment
____ law governs wrongs between individuals. Answer: Tort
____ law governs wrongs between individuals and society. Answer: Criminal
____ is the failure to do or not do what the Reasonable Person would do or not
do in the same or similar circumstances. Answer: Negligence
There are four elements necessary to prove a case of negligence: Duty, _____,
Proximate Cause and ____. Answer: Breach of Duty and Damages
