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Quiz 37: Personal Property,Bailment,and Insurance
An insured may wish to obtain insurance for specific valuable items such as jewelry,works of art,or furs.This is accomplished by adding a personal effects floater to a homeowner's policy.
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A homeowner's policy is a comprehensive insurance policy that includes coverage for the real and personal risks covered by a fire insurance policy,as well as personal liability insurance.
In automobile insurance,"comprehensive coverage" refers to a policy that covers all types of losses related to the ownership and operation of an automobile.
Collision insurance is property insurance that covers the insured's vehicle against risk of loss or damage when it is struck by another vehicle.
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