Question

The commercial general liability coverage form excludes bodily injury or property damage that the insured has assumed under any contract or agreement. However, the exclusion does not apply to certain types of contracts, as long as the injury or damage occursA. During the policy period

- B. After the policy period
- C. Before the policy inception date
- D. Regardless of the policy period

Answer 1

The exclusion in the commercial general liability coverage form for bodily injury or property damage assumed under a contract does not apply if the incident occurs during the policy period. This is important as insurance is meant to pay out only under the terms and timings stipulated in the contract.The correct answer is option A

Step-by-step explanation:

The commercial general liability coverage form typically excludes bodily injury or property damage that the insured has assumed under any contract or agreement. However, there is an exception to this exclusion for certain types of contracts.

For these specified contracts, the exclusion does not apply as long as the bodily injury or property damage occurs during the policy period. So, the correct answer to the student's question is (A) During the policy period.Insurance policies are designed to pay out in specific circumstances.

For instance, health insurance pays when medical expenses are incurred, car insurance covers costs if the car is damaged, stolen, or causes damage to others, and house or renter's insurance provides compensation when a dwelling is damaged or burglarized. Therefore, the timing of the incident in relation to the policy period is crucial for coverage.The correct answer is option A