Match the term with its definition.
-Coverage designed to provide liability and physical damage protection for a vehicle
A)automobile insurance
B)coinsurance clause
C)crime insurance
D)design defect
E)manufacturing defect
F)marketing defect
G)noneconomic damages
H)personal property
I)punitive damages

Question

Quizplus · Accepted Answer

Automobile insurance is coverage designed to provide liability and physical damage protection for a vehicle.

B) coinsurance clause: A provision in an insurance policy that requires the policyholder to share in the cost of covered services, usually by paying a percentage of the total cost.

C) crime insurance: Insurance that provides coverage for losses resulting from criminal acts such as robbery or embezzlement.

D) design defect: An inherent flaw or error in the design of a product that causes it to be unreasonably dangerous to users or consumers.

E) manufacturing defect: A defect in a product that occurs during the manufacturing process, making the product less safe or less effective than intended.

F) marketing defect: A defect in a product's marketing or labeling, such as inadequate warnings or instructions, that makes the product less safe or less effective than intended.

G) noneconomic damages: Compensation awarded in a legal settlement or judgment for losses that are difficult to quantify in dollars and cents, such as pain and suffering or loss of companionship.

H) personal property: Any property that is movable and not attached to land or buildings, including furniture, clothing, jewelry, and electronics.

I) punitive damages: Monetary compensation awarded in a legal settlement or judgment that is meant to punish the defendant for their actions, rather than to compensate the plaintiff for their losses.

Match the Term with Its Definition