Question

Section 2 of a homeowners policy covers?

1) personal liability of the insured on the insured's premises
2) insured's 3 year old son who hits another child with a bat
3) bodily injury to a guest on the insured's premises and insured's personal liability away from the premises
4) all of the above

Answer 1

Section 2 of a homeowner's policy covers all scenarios listed, including personal liability on the premises, injuries caused by family members like the insured's child, and the insured's personal liability away from the premises.

Step-by-step explanation:

Section 2 of a homeowner's insurance policy covers various aspects of personal liability and medical payments to others. It provides coverage in several scenarios, including when the insured's 3-year-old son causes bodily injury to another child with a bat, when a guest is injured on the insured's premises, and even covers the insured's personal liability away from the premises. Therefore, the correct answer to the question is 4) all of the above.

Homeowner's insurance is designed to protect against unexpected financial burdens due to accidents, injuries, or damage to property. Just like other forms of insurance such as health insurance, car insurance, and life insurance, it plays a vital role in maintaining financial stability. The essential understanding here is that the average payments into the insurance must cover claims, operational costs, and leave room for the firm's profits over time.