Podcast
Questions and Answers
What is the main purpose of personal liability insurance?
What is the main purpose of personal liability insurance?
To protect insureds as private citizens worldwide against legal liability for accidental injury or damage they cause to others.
What are two examples of situations where a homeowner or tenant would be protected by Coverage E - Personal Liability?
What are two examples of situations where a homeowner or tenant would be protected by Coverage E - Personal Liability?
- A neighbor's child drowns in the insured's swimming pool.
- A residence employee is injured while performing their duties.
What does the acronym SIR stand for in the context of Personal Umbrella Liability Policy?
What does the acronym SIR stand for in the context of Personal Umbrella Liability Policy?
Self-Insured Retention
What are the two parts of insuring an owner's interest?
What are the two parts of insuring an owner's interest?
Signup and view all the answers
What is the main purpose of Coverage UI - Unit Improvements and Betterments?
What is the main purpose of Coverage UI - Unit Improvements and Betterments?
Signup and view all the answers
What is the purpose of a special assessment in the context of condo insurance?
What is the purpose of a special assessment in the context of condo insurance?
Signup and view all the answers
What is the purpose of Coverage U3 - Unit Additional Protection?
What is the purpose of Coverage U3 - Unit Additional Protection?
Signup and view all the answers
The Canadian Legal System has one primary branch of law.
The Canadian Legal System has one primary branch of law.
Signup and view all the answers
The Criminal Law is primarily focused on compensating victims for wrongs suffered.
The Criminal Law is primarily focused on compensating victims for wrongs suffered.
Signup and view all the answers
What is the main purpose of the Civil Law?
What is the main purpose of the Civil Law?
Signup and view all the answers
In the context of the Civil Law, what is a plaintiff?
In the context of the Civil Law, what is a plaintiff?
Signup and view all the answers
In the context of the Civil Law, what is a defendant?
In the context of the Civil Law, what is a defendant?
Signup and view all the answers
The Civil Code in Quebec operates on the principle of precedent, where past decisions heavily influence future rulings.
The Civil Code in Quebec operates on the principle of precedent, where past decisions heavily influence future rulings.
Signup and view all the answers
What is the primary source of law in Common Law provinces?
What is the primary source of law in Common Law provinces?
Signup and view all the answers
Statute Law takes precedence over any existing Common Law on the same matter.
Statute Law takes precedence over any existing Common Law on the same matter.
Signup and view all the answers
What is the primary function of the courts in the Canadian Legal System?
What is the primary function of the courts in the Canadian Legal System?
Signup and view all the answers
Which of these courts is NOT part of the Civil Court hierarchy in Canada?
Which of these courts is NOT part of the Civil Court hierarchy in Canada?
Signup and view all the answers
The Supreme Court of Canada can only hear appeals from the Federal Court.
The Supreme Court of Canada can only hear appeals from the Federal Court.
Signup and view all the answers
Criminal Law and Civil Law operate completely separate from one another in their application and purpose.
Criminal Law and Civil Law operate completely separate from one another in their application and purpose.
Signup and view all the answers
What is the main function of Contract Law?
What is the main function of Contract Law?
Signup and view all the answers
What is the main principle governing Tort Law?
What is the main principle governing Tort Law?
Signup and view all the answers
What are the three elements required to establish negligence in a tort action?
What are the three elements required to establish negligence in a tort action?
Signup and view all the answers
A non-contractual right is one established through an agreement between parties.
A non-contractual right is one established through an agreement between parties.
Signup and view all the answers
The burden of proof in negligence cases rests with the defendant.
The burden of proof in negligence cases rests with the defendant.
Signup and view all the answers
The concept of "Res Ipsa Loquitur" applies when the circumstances of an accident clearly indicate negligence by the defendant.
The concept of "Res Ipsa Loquitur" applies when the circumstances of an accident clearly indicate negligence by the defendant.
Signup and view all the answers
What is the main distinction between intentional torts and unintentional torts (negligence)?
What is the main distinction between intentional torts and unintentional torts (negligence)?
Signup and view all the answers
The concept of "Strict Liability" applies when a party is automatically held liable for harm or damage caused by their activities, regardless of fault.
The concept of "Strict Liability" applies when a party is automatically held liable for harm or damage caused by their activities, regardless of fault.
Signup and view all the answers
Which of these is NOT an example of a situation that typically involves Strict Liability?
Which of these is NOT an example of a situation that typically involves Strict Liability?
Signup and view all the answers
In the Canadian Legal System, it is essential that a plaintiff demonstrate that their injuries or damages are a direct result of the defendant's actions or omissions.
In the Canadian Legal System, it is essential that a plaintiff demonstrate that their injuries or damages are a direct result of the defendant's actions or omissions.
Signup and view all the answers
The concept of "Joint Tortfeasors" refers to parties who engage in separate, non-related actions that individually result in harm or damage to a plaintiff.
The concept of "Joint Tortfeasors" refers to parties who engage in separate, non-related actions that individually result in harm or damage to a plaintiff.
Signup and view all the answers
The concept of "Joint Liability" implies that each party in a joint action shares equal responsibility for the entire amount of damages.
The concept of "Joint Liability" implies that each party in a joint action shares equal responsibility for the entire amount of damages.
Signup and view all the answers
In a situation involving Joint Liability, the plaintiff can choose to pursue legal action against only one of the responsible parties.
In a situation involving Joint Liability, the plaintiff can choose to pursue legal action against only one of the responsible parties.
Signup and view all the answers
When an independent contractor undertakes work for an owner or tenant, the owner or tenant is automatically liable for any injuries or damages caused by the contractor due to negligence.
When an independent contractor undertakes work for an owner or tenant, the owner or tenant is automatically liable for any injuries or damages caused by the contractor due to negligence.
Signup and view all the answers
Which of these situations typically places the owner or tenant in shared liability with an independent contractor?
Which of these situations typically places the owner or tenant in shared liability with an independent contractor?
Signup and view all the answers
The "Occupiers’ Liability Acts" in several provinces have significantly reduced the legal duties owed to invitees on a property.
The "Occupiers’ Liability Acts" in several provinces have significantly reduced the legal duties owed to invitees on a property.
Signup and view all the answers
Which of these categories of individuals entering a property typically has the highest level of protection under the law regarding the occupier's duty of care?
Which of these categories of individuals entering a property typically has the highest level of protection under the law regarding the occupier's duty of care?
Signup and view all the answers
Landlords are typically held responsible for ensuring that their rented premises are suitable for any purpose desired by the tenant.
Landlords are typically held responsible for ensuring that their rented premises are suitable for any purpose desired by the tenant.
Signup and view all the answers
What is the primary reason why landlords are typically not responsible for injuries or damages caused to tenants due to the condition of their premises?
What is the primary reason why landlords are typically not responsible for injuries or damages caused to tenants due to the condition of their premises?
Signup and view all the answers
In cases where a landlord has made a specific agreement to maintain the premises, they are automatically held liable for any injuries to tenants or their guests.
In cases where a landlord has made a specific agreement to maintain the premises, they are automatically held liable for any injuries to tenants or their guests.
Signup and view all the answers
The legal duties owed by property owners and occupiers extend only to individuals who enter their premises.
The legal duties owed by property owners and occupiers extend only to individuals who enter their premises.
Signup and view all the answers
Study Notes
Insurance Training & Education
- An organization offering training and education in the insurance industry (Ensure Training & Education).
CAB 1 General Insurance
- The course is about general insurance.
- Icons include forks, beds, people, houses, cars, and suitcases, representing different types of insurance coverage.
Attendance Poll
- A poll asking if students can hear the facilitator and see the slides.
- A picture of a meeting in a room, with people working on laptops, is displayed.
Important Terms So Far
- Students are asked to write down an important term from the course in the chat window.
- The forgetting curve (graph illustrates how quickly information is forgotten over time).
- Reviewing information helps to retain it.
Insurance Graphic Organizer
- A graphic organizer about insurance.
- CAB 1 Chapter 3.
Example Exam Question
- Explain the two parts of Insuring Owner's Interest: Personal Property and Other Essential Coverages (10 points).
- Information on slides will be sufficient for answering.
Insuring Owner's Interest (Part 1)
- Owners must insure contents of units.
- Condominium unit owners' Comprehensive Form (IBC 1167)
- Coverages similar to tenants.
- Comprehensive Form (IBC 1163).
- Condo unit owners can buy coverages under Condominium Unit Owners Basic Form (IBC 1165).
- Covers Named Perils only.
Insuring Owner's Interest (Part 2)
- Other essential coverages:
- Not to insure building values.
- Condo unit owners have financial interest in building.
- Condo buildings may be mismanaged. Added coverage.
- Coverage U1 - Unit Improvements and Betterments.
- Covers: value of (original) carpeting/wall paneling/fixtures.
- Improvements by unit owners increase unit's value.
- Not recoverable under condo corporation's building policy.
Insuring Owner's Interest (Part 2, continued)
- Coverage U2 - Loss Assessment
- If corporation's policy isn't enough to cover loss to collectively owned property.
- Special assessment may be levied against each unit owner.
- Special assessment may be due to under-insurance.
- Application of co-insurance penalty.
- Example: After applying for co-insurance clause, Corporation receives 75% of loss.
- Entitled to levy assessment on each unit to recover 25% shortfall.
Insuring Owner's Interest (Part 2, continued)
- Coverage U2 - Loss Assessment (cont.)
- Special assessment may be due to cause of loss is not from insured peril OR is excluded under policy.
- Breach of policy condition.
- No coverage: Assessment made due to large deductible on condo.
- Corporation's insurance policy covers only when assessment is due because of loss insured by owner's policy.
- Recent forms automatically insure; Limits equal to insurance amount under relevant section.
Insuring Owner's Interest (Part 2, continued)
- Coverage U3 - Unit Additional Protection.
- Covers insured's unit.
- Excludes damage to items UI covers when condo corporation doesn't have insurance/is inadequate/isn't effective.
Chapter 4: Personal Liability Insurance
- Section 1: The Canadian Legal System.
- Do not advise outside of your scope of expertise.
- Refer clients to qualified legal practitioners when dealing with legal issues.
- Two legal systems exist: Criminal/Civil law.
- Each system governs societies.
- When laws are violated, those responsible must account for their actions.
Section 1: The Canadian Legal System (1)
- Criminal Law - Wrongs against society, using systems of punishment to enforce rules (statutes in Criminal Code).
- Violators are prosecuted by the counsel (representatives of authority).
- Penalties include fines and imprisonment; sometimes probation.
- Wrongs suffered are rarely dealt with by compensation.
- All provinces have criminal laws applicable.
Section 1: The Canadian Legal System (2)
- Civil Law - Settling disputes (individuals/entities) in cases not criminal.
- If a dispute cannot be resolved via negotiation, it moves to Civil Court that handles legal principles.
- Courts are involved when plaintiffs (complainants) initiate action against defendants (wrongdoers).
- Goal: Financial compensation (loss/damage suffered)
Section 1: The Canadian Legal System (3)
- Two systems of civil law reflects early French/English influences;
- Quebec uses the civil code; modified for Quebec.
- Disputes are codified - court decision matters reflected in articles in civil code
- Courts are theoretically independent of previous cases' decisions, however, court practice must follow similar precedents.
Section 1: The Canadian Legal System (4)
- Civil Law (Common Law Provinces)
- Legal responsibility parallels common law.
- Current court decisions should align with previous decisions whenever underlying circumstances are similar
- Purpose is to build logical, general principles from previous decisions to aid in applying legal principles in future cases.
Section 1: The Canadian Legal System (5)
- Civil Law (Common Law Provinces) - (Cont'd)
- Government statutes (written law) introduced into parliament/provincial legislative assemblies.
- When passed, these take priority over existing common law dealing with same matters.
- Breach of statutes is considered criminal act (e.g., Criminal Code).
- Many statutes clarify existing legal concepts to add precision.
Courts of Law (Part 1)
- Courts interpret law; criminal law is dispensed by criminal courts, civil law by civil courts.
- There are three levels of civil courts:
- Small Claims Court; County/District Courts; Supreme Court
Courts of Law (Part 2)
- Small Claims Court Handles cases involving small amounts (e.g., Saskatchewan court hears cases <= $5,000).
- County/District Courts handle cases with higher amounts.
- Supreme (Appeal) Court reviews lower court decisions.
Two Branches of Civil Law
- Contract Law: Legally enforceable agreements between parties creating obligations/reflection of private intentions.
- Tort Law: Common law principles outline responsibilities to neighbors/others regarding actions causing injury/damage to them.
Tort Law (Continued)
- Tortfeasor(s) are people who commit wrongful acts against others, leading to injury/damages.
- Joint Tortfeasors act together/cause injury/damage to others
Tort Law Three Requirements to Establish Negligence
- a) Legal Duty Owed: One party has a right not to be harmed (unreasonably) and other has a duty to refrain from causing harm to them.
- Non-contractual right.
- Defendant owed plaintiff a DUTY.
- b) Duty Breached: Violation of right to be free from harm.
- c) Plaintiff suffered damages (proximate result): Injury/damage to person regarding right to be free from harm.
Classification of Torts
-
a) Intentional Torts - Intent to infringe on victim's rights. Includes battery (force with intent). High degree of moral blame.
-
b) Unintentional Torts (Negligence): Careless invasion of someone's rights.
Negligence
- To do what a reasonable person would or would not do (standard of conduct).
- Courts measure conduct against average person with ordinary skill, intelligence, and who follows standard community rules.
Liability Proven (Part 1)
- In both criminal and civil law, the plaintiff's responsibility to prove the case regarding negligence.
- Exceptions exist, including statutory liability.
Liability Proven (Part 2)
- Statutes, created by provincial/federal gov't, might impose strict liability..
- EX: Highway Traffic Act cases involving vehicular accidents resulting in pedestrian injury.
Liability Proven (Part 3)
- Exceptions: Res Ipsa Loquitur (the thing speaks for itself)
- Applies where IDs of wrongdoer unknown. Negligence assumed if other party would have taken reasonable steps to avoid accidents of this nature.
Liability Proven (Part 4)
- Strict liability based on legislation or common law
- Activities giving rise to strict liability (usually involving injury from mishap/accident).
Liability Proven (Part 5)
- Strict liability for activities imposing strict liability (e.g., activities spreading intentional fires or keeping dangerous items on premises)
- Includes cases from injuries to people from escapes of dangerous items or animals.
Create a "How" Question
- Student activity to create (how) question related to course concepts covered so far.
Transferring Financial Responsibility for Losses
- Legal action can cause hardship(cost of fines/penalties is substantial).
- Civil action goals are compensation for injury/damage.
Civil Liabilities Insurable
- Insurance companies sometimes assume financial responsibilities of people/legal entities for torts. -Associations/corporations.
- Policies usually insures some liability; typically on separate agreements/contracts.
Canada's Legal System Wrongs
- Charts showing criminal vs. civil wrongs, intentional vs. unintentional issues, etc.
- Types of actions leading to strict liability
- Intentional wrongs (e.g., libel/slander/patent infringement)
- Unintentional wrongs (e.g., negligence).
Features Common to Liability Policies
- Policies covering bodily injury, property damage, OR financial loss.
- Separate policies needed for various activities/exposures
- Personal, business, professional, and auto.
Features Common to Liability Policies (Continued)
- Liability exposures connected to automobiles must be covered under a separate policy.
- Types of losses covered (e.g., sickness, disease, death) vs. personal injury (e.g., mental/physical).
- Insurer Liability: Incorrect legal advice may lead to liability.
- Covers liability for legal action taken against insured because of legal/professional actions involved.
Liability Coverage Details
- Coverage extends to third-party claims, not just property or bodily injury owned by insureds.
- Payments to third parties limited to those legally required.
- Plaintiffs' legal actions against the Insured to recover loss involve submitting formal documents to courts.
Definitions
- Third Party: Person not party to the agreement that may have rights
- Compensatory Damages: Financial compensation for a third party's loss.
- Trespasser: Person on another's property without permission.
- Licensee: Person on another's property with permission (e.g., postal workers, hunters, snowmobilers, etc.).
Damages Awarded for Bodily Injury
- Special damages: compensate direct costs like medical, hospital, nursing, etc.
- General damages: compensate for non-quantified losses like pain/suffering, loss of enjoyment, mental anguish, etc.
Damages Awarded for Property Damage
- Determined by the difference in value before and after the damage.
- Includes loss of use from damage of tangible property.
Section 2 - The Law - Negligence
- 6 legal precedents on personal liability exposures (e.g., property, person entering, trespasser).
6 Legal Precedents Relating to Personal Liability Exposures (Trespassers)
- Legal Duty Owed: Occupiers have NO duty of care for safety of trespassers, except for setting traps or causing intentional harm to them.
- Courts may find occupiers liable under common law if they cause harm.
6 Legal Precedents Relating to Personal Liability Exposures (Children)
- Children NOT considered trespassers unless a warning sign is in place; lack maturity. -Owners/Occupiers need to protect children from hazards.
- Common Law: Property owners must use reasonable precaution.
6 Legal Precedents Relating to Personal Liability Exposures (Licensee)
- Licensee: Entering premises with permission for specific purpose
- Duty Owed: Occupiers have no duty to make premises safe, but should warn about specific dangers they are aware of.
6 Legal Precedents Relating to Personal Liability Exposures (Invitee)
- Invitee enters premises with express/implied invitation, mutual benefit involved
- Duty Owed: Occupier has duty to protect invitee against known and undiscovered dangers.
- Provincial (AB, BC, ON, NS) laws often modify common law terminology; “visitor” replaces “licensee/invitee” in law.
6 Legal Precedents Relating to Personal Liability Exposures (Persons Outside Premises)
- Duty Owed: Owners/occupiers of property are responsible and need to maintain premises free from defects causing injuries to nearby persons; responsible for ensuring no defects causing injury.
6 Legal Precedents Relating to Liability Exposures (Domestic Animals)
- If owner knew of animal's vicious nature, liable for injury/loss.
- Some Canadian laws have specific statutes related to dangerous dog breeds.
6 Legal Precedents Relating to Liability Exposures (Independent Contractors)
- Parties hiring contractors are usually named in legal actions leading to injury/damage
- Status of contracting party determines liability
Section 3: Personal Liability
- Most insurance companies provide liability coverage in homeowner/tenant policies.
- Eliminating separate policies for liability exposures.
- Liability coverage forms used under relevant laws (e.g., IBC homeowner forms).
- coverage forms for tenants, mobile homeowners, and condo unit owners.
Four Coverages
- Coverage E - Personal Liability (covers legal liability for insureds as private citizens).
- Coverage F - Voluntary Medical Payments.
- Coverage G - Voluntary Payment for Damage to Property.
- Coverage H - Voluntary Compensation for Residence Employees.
Limit of Coverage
- Limits for coverages are defined in summary pages; insureds can't buy policies under these limits
- Coverage amounts vary by type and can be increased.
- Persons Insured
-Coverage applies to people/organizations with legal liability for damages from insured-owned property/animals.
- Excludes parties who use watercraft/animals without insured's permission.
- Includes dogs or watercraft used by people associated with insured.
Residence Employees
- Those employed by the insured for maintenance/use.
Key Definitions: Persons Insured
-Coverage extends to those performing authorized duties for the insured (e.g., maids, nannies, butlers). -Protects residence employees from claims for bodily injury or property damage stemming from equipment/vehicles used in the course of their work.
Key Definitions: Persons Insured (Continued)
- Coverage extends to individuals insured at the time of the insured residence owner's death and those living on the property who are legally named in the policy.
Key Definitions: Premises Insured
- Covers all premises where a named insured/spouse resides.
- Includes temporary residence if not owner (e.g., tenant/lessee for over 90 days).
Key Definitions: Premises Insured (Continued)
- Includes individual/family cemetery plots/vaults. -Vacant land within Canada; excludes farm land and is determined based on planned use for property-related purposes that will expose it to potential risks.
Liability Coverage: Coverage E (Personal Liability)
- Insures legal liability for accidents/injuries/damage to others involving insured as private citizens in any location worldwide.
- Includes liabilities stemming from use/occupancy of the insured's premises; activities occurring on insured's premises.
Liability Coverage: Coverage E (Personal Liability) (Continued)
- Covers injuries or deaths resulting from an employee's actions related to employment at the insured's premises.
- Does not cover actions if legally not liable.
Liability Coverage: Exclusions (1)
- Liabilities, typically assumed, or required by contracted agreement; legal liabilities apply in cases unrelated to contract unless otherwise specified in the policy.
- If insured would have been legally liable anyway and insurer agrees, it'll cover. -Covers situations where liability is assumed and already present even without a contracted agreement in place.
Liability Coverage: Exclusions (2)
- Damage to property owned by/rented by an insured/insured tenant
- No coverage if damage stems from another insured in property or household.
- Covers yard/garden equipment, recreational vehicles, and bikes.
Liability Coverage: Exclusions (3)
- Damage to property owned/rented by others -No coverage if the loss originates under a separate property section or agreement within the main insurance policy.
Liability Coverage: Exclusions (4)
- Damage to personal property/fixtures, caused by actions of the insured, or in their name.
- Removes insurer's liability if damage results from responsible work.
Liability Coverage: Exclusions (5)
- Bodily injury to insured/household members.
- No coverage for accidents against a member of the insured's household (except residence employees).
Liability Coverage: Defence, Settlement, and Supplementary Payments (1)
- Insurer pays legal costs/expenses if insured must defend against legal action.
- Supplementary payments are for amounts exceeding the insured's limit.
- Insurer assumes responsibility to defend if liable, regardless of groundslessness.
Liability Coverage: Defence, Settlement, and Supplementary Payments (2)
- Insurer investigates, negotiates, or settles claims.
- Insurer may settle claims even if the insured alleges they aren't liable.
Liability Coverage: Defence, Settlement, and Supplementary Payments (3)
- Insurer pays all expenses in defending the insured.
Liability Coverage: Defence, Settlement, and Supplementary Payments (4)
- Includes potential interest costs payable if delays occur;
- Costs payable to ensure that judgments due to insured are paid.
Liability Coverage: Defence, Settlement, and Supplementary Payments (5)
- Insurer pays emergency medical treatment for others involved in an accident at the insured's premises if not covered by other plans.
Liability Coverage: Defence, Settlement, and Supplementary Payments (6)
- Insurer pays costs related to investigations, defending actions, or settling claims if legally required.
- Includes loss of income up to a daily limit for the insured.
Obligations of Insureds When Accidents Occur
- Provide prompt, written notice of an accident or occurrence, with details including date/time/place/details, and witnesses.
- Cooperate with any legal action: Provide relevant evidence.
- Provide copies of notices, demands, legal documents immediately.
- The insurer has the right to investigate, defend or settle any claims if necessary.
- Unauthorized settlements and payments outside of an existing contract/policy/agreement aren't covered.
Action Against Insurer
- A legal suit against the insurer requires conditions to be met, involving sufficient time and agreement.
- Final court decisions/appeals determine the final actions taken against the insurer and the insured party involved.
Three Big Things
- Student activity to identify three key concepts that may be unclear.
Coverage F: Voluntary Medical Payments
- Pays for reasonable medical treatment for injuries stemming from accidents.
- Covers surgical, dental, hospital, nursing, ambulance services, etc.
Coverage F: Voluntary Medical Payments (Continued)
- Payment limits vary/are based on plan/policy specifics
Coverage G: Voluntary Payment for Damage to Property
- Pays for unintentional damage to property.
- No payment for intentionally inflicted damage.
Coverage G: Voluntary Payment for Damage to Property (Continued)
- Includes any property that is owned/rented by either the insured or tenant.
- Excludes property damages connected to a loss under a different section of the policy
Coverage H: Voluntary Compensation for Residence Employees
- Covers residence employees’ injuries (not from an employee's own fault).
Coverage H: Voluntary Compensation for Residence Employees(Continued)
- Amounts payable via sections within an insurance agreement for damages.
- Includes damage/loss to life, funeral costs, temporary total/permanent disability benefits, medical costs, etc.
Special Limitations (1)
- Watercraft/Motorized Vehicles
- Covers ownership/use/operation of watercraft/vehicles
- a and 1. b, cover situations where the insured is NOT operating a vehicle they own, but others are
Special Limitations (2)
-Self-propelled Lawn Mowers/Garden Type Tractors
- Covers accidents occurring on golf courses)
Special Limitations (3)
- Motorized Golf Carts -Limited coverage to accidents on golf courses. -No liability coverage for those using the golf carts for purposes outside of golf courses
Special Limitations (4)
- Motorized Wheelchairs, etc. -Covers vehicles designed for people with physical disabilities
- Excludes damage or injuries caused by failure of the insured to safely operate a wheelchair that is not designed to transport others.
Special Limitations (5)
- Watercraft/Motorized Vehicles (You Don't Own) -Any accidents involving watercraft/motorized vehicles that do not belong to the insured are not covered
- Does not cover vehicles that the insured uses/operates where it's legally required to be a registered vehicle that's permitted on public roads
Special Limitations (6)
- Trailers.
- Covers injuries sustained from ownership/operation/ use of trailers that aren't connected/carried on vehicles; excludes unconnected trailers
Special Limitations (7)
- Business and Business Property
- Covers injury/damage from non-business activities related to work; Includes rentals of specific parts of a dwelling/office space. -Does cover specific business activities and their related liabilities.
Exclusions - Section II (1)
- Business pursuits/use of property but not covered under Section I.
- Insurers might cover specific business types on a summary page or separate document.
- Exclusions may exist for commercial situations that aren't covered in Section I of the policy.
Exclusions - Section II (2)
- Covers intentional or criminal acts.
Exclusions Section II (3)
-Does not cover transmitting communicable diseases via the insured’s ownership/use/operation of aircraft or property used as airport/landing areas
Personal Umbrella Liability Policy
- Provides additional coverage exceeding primary policy limits.
- Covers losses not covered in primary policies, including losses caused by legal liabilities to others -Functions as a deductible on top of primary liability policies.
Gap Exercise
- Students identify unclear concepts/concepts they didn't fully understand (one minute).
- Extra studying to clarify those concepts.
Quiz
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Related Documents
Description
This quiz covers essential concepts from the CAB 1 General Insurance course, including important terms and types of coverage. Students will engage with various materials and review key information to enhance their understanding of insurance. Prepare to dive into the critical components of general insurance and solidify your knowledge.
