Casualty Basics

Random

100

What does Property Insurance cover?

"Stuff". Personal belongings and buildings

200

One Element of Negligence is_______

Owe a duty, Breach the duty, Be the proximate cause, Damages (all acceptable)

300

Define the defense of "last clear chance" 

Employed in contributory negligence jurisdictions.  Under this a partially negligent can nonetheless recover if they are able to prove that the defendant had the last clear chance to avoid the accident 

400

If Schmatt has a policy with $75,000 bodily injury limit and $10,000 property damage limit, what is this an example of?

Split limit liability 

500

Explain an aggregate limit 

A limit that applies to all losses occuring in one policy period

Random Again

100

What does Casualty Insurance do?

Pays the "other guy"

200

What is one defense against a claim of negligence?

I'm not telling you all of them... get a grip

300

What is vicarious liability?

When a person may be held responsible for negligent acts of another person who has direct liability

400

What does it mean to have single or combined single limit liability?

One limit that applies to BI and PD

500

What does the A in B.A.I.L.E.D stand for

Bonus: who was the Superbowl MVP

Aid

The ELITE quarterback named Jalen Hurts

...You guessed it

100

The first party is _____

The insured

200

What is absolute or strict liability usually associated with?

Dangerous activities

300

General damages compensate for what?

pain and suffering as well as mental anguish

400

What is the Acronym for supplementary policies?

B.A.I.L.E.D

500

Name 2 Exclusions in general that get no coverage

Not putting it on here for the integrity of future questions

Still random

100

The Third party is ____

The "other guy"

200

What is a tort?

A civil wrong that causes someone else to suffer loss 

300

Punitive damages may be awarded to?

The injured party

400

All of the following are duties after a loss EXCEPT:

Notify the insurance company

Assume liability

Assist the company 

Assume Liability 

500

Which of the following is not a general exclusion?

Bodily injury to the insured

Losses to the insurer 

Nuclear energy liability 

Losses to the insurer 

...

100

Define Negligence to me like I am a 12 year old 

Failure to act or not act as a reasonable person. 

200

If the mail man gets bit my dog, what type of insurance will I use?

Casualty

300

Personal injury causes what?

"Hurt feelings"

400

What is an intervening cause?

Independent event that affects the chain of events 

Bonus: Sing the Philadelphia Eagles fight song

500

Is the policy limit restored after loss occurs?

YES