1. Motorcycles, ATVs, and other motorized vehicles should be covered by what policy? homeowners, automobile, recreational vehicle, single-user

2. Liability insurance states that:

a. the insurer will pay damages for injury or property damage caused by the insured

b. the insurer will pay damages for injury or property damage caused by a third party to the insured

c. the insurer will hold the insured liable for damages caused by the insured but will pay for medical costs for the insured

d) the insurer will pay damages for property damage but not injury caused by the insured

3. Fred, a small business owner, has a $3 million personal liability policy. This means that

a) Fred’s liability can never exceed $3 million

b) Fred can borrow up to $3 million against the value of the policy

c) Fred’s business is worth $3 million

d) Fred is covered for liability claims up to $3 million, but may be required to pay for any liability in excess of that amount

4. An intentional tort occurs when

a) someone intends for a specific result to occur, and that result does occur

b) someone commits harmful act that they have been planning for a long time

c) someone tries to harm another person on purpose

d) a harmful act that causes a significant amount of damage or injury