Auto liability — coverage?
Bodily injury and property damage liability.
UM/UIM — meaning?
Uninsured and underinsured motorist coverage.
Bonds — purpose?
Guarantee performance or honesty.
Casualty & liability insurance — coverage?
Legal liabilities for damages or injuries to third parties
Auto liability — covers?
Bodily injury and property damage
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
Answer 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. Which of the following best describes the function of an umbrella liability policy?
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