Identify the coverages found in a typical boat owner’s package policy.
Answer to relevant QuestionsBriefly explain the basic characteristics of a personal umbrella policy.The Mary Queen, an ocean-going oil tanker, negligently collided with a large freighter. The Mary Queenis insured by an ocean marine hull insurance policy with a running down clause. For each of the following losses, explain ...Identify the causes of loss that are covered under the following forms:a. Causes-of-loss basic formb. Causes-of-loss broad formc. Causes-of-loss special form1. Lastovica Construction is insured under a commercial general liability (CGL) policy. The firm agreed to build a new manufacturing facility for the Smith Corporation. A heavy machine used by Lastovica Construction ...Define each of the following:a. Products liabilityb. Completed operations liabilityc. Contractual liabilityd. Contingent liability
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