All of the following are characteristics of the liability risk that most people face EXCEPT
A)a lien may be placed on your income and assets to satisfy a legal judgment.
B)substantial legal expenses may be incurred defending the claim.
C)there is no upper limit on the amount of the loss.
D)owning liability insurance eliminates the possibility of being held legally liable.

Question

Quizplus · Accepted Answer

Owning liability insurance does not eliminate the possibility of being held legally liable. Liability insurance provides financial protection in the event that you are found liable for damages or injuries caused to another party, but it does not prevent legal action from being taken against you.

All of the Following Are Characteristics of the Liability Risk