What explains why property casualty insurance is sometimes called property and liability insurance?
A) because the policy takes away any responsibility the policyholder might have if his or her own property is damaged
B) because the policy protects the policyholder if someone else damages his or her property
C) because the policy covers the policyholder's liabilities and assets
D) because the policy protects the policyholder from faulty products
E) because the policy includes coverage for damage to other people or property

Question

Quizplus · Accepted Answer

Property casualty insurance is sometimes called property and liability insurance because the policy includes coverage for any liability the policyholder might suffer because of damage to other people or property. The insurance protects you up to a loss limit that you specify when you buy the insurance.

What Explains Why Property Casualty Insurance Is Sometimes Called Property