ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Health Insurance
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Property Insurance
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Vehicle Insurance
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Liability Insurance
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Detailed explanation-1: -What is Liability insurance? Liability insurance is a policy that offers cover to businesses/individuals and companies in case of legal hassles and if they are sued due to harm caused to another person by their products and services.
Detailed explanation-2: -Liability insurance policies cover the insured against any claims arising out of bodily injuries and damages to the property of any person. Besides covering the legal costs involved, liability insurance provides coverage for payouts that the insured is legally liable to pay.
Detailed explanation-3: -Liability Insurance is the insurance called that serves as a benefit payable on behalf of a covered party who is legally responsible for unintentionally harming others or their party.