08 - 08 Student 1 Peril is defined as A the refusal by an...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
08 Student: ___________________________________________________________________________ 1. Peril is defined as A. the refusal by an insurance company to pay for the covered loss. B. the cause of risk. C. the cause of a possible loss. D. an uncertainty as to loss. E. risk 2. Defective house wiring is an example of a 3. The uncertainties of direct and indirect losses due to fire, wind, accident, theft, etc., are called ____________ risks. A. personal B. business C. property D. liability E. speculative 4. Purchasing a technology stock that may or may not increase in price is an example of ___________ risk. 5. Which of the following would be covered by a home insurance policy? 6. The legal responsibility for the financial cost of another person's losses or injuries is referred to as A. theft. B. robbery. C. liability. D. assigned risk. E. collusion. 7. If a homeowner leaves toys on stairs that result in injury to a delivery person, this may be ruled as
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
8. Vicarious liability refers to 9. While cleaning your home, a worker damages some furniture. You take action against the worker's employer to cover the cost of the damage. This is an example of a(n) ____________ liability. 10. High winds cause damage to trees, shrubs, and other plants. This insurance claim would be covered under the ____________ component of homeowner's insurance. A. additional living expenses B. personal property C. building and other structures D. personal liability E. property damage 11. The additional living expenses component of a home insurance policy is designed to 12. Which of the following is considered personal property for home insurance coverage?
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern