Asked by Florence Pochon on Apr 24, 2024
Verified
Yuki invites Penny over to her home.She later gets angry with Penny and pushes her down the stairs.Penny hurts herself and sues Yuki.Is it likely that Yuki's insurance will cover Penny's losses?
A) Yes,if Yuki had a liability policy.
B) Yes,if Yuki had homeowner's insurance.
C) No,because you cannot insure for injuries incurred in a private home.
D) No,because liability policies commonly exclude coverage for an insured's liability stemming from deliberate wrongful acts.
Homeowner's Insurance
Insurance policy that protects homeowners from financial losses related to their home and possessions, covering damage and liability.
Deliberate Wrongful Acts
Actions taken with the intention to harm or cause loss to another party.
Liability Policy
An insurance policy providing coverage against legal and financial responsibilities incurred as a result of causing injury to others or damaging property.
- Acquire knowledge on the critical nature and implementation of liability policies in real-world applications.
- Analyze the impact of bad faith actions by insurers and their consequences.
Verified Answer
Learning Objectives
- Acquire knowledge on the critical nature and implementation of liability policies in real-world applications.
- Analyze the impact of bad faith actions by insurers and their consequences.
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