The type(s) of insurance you carry but which covers losses suffered by others is called ____ insurance.

Question

Quizplus · Accepted Answer

Liability insurance covers losses suffered by others in the case that you are held responsible for causing damage, injury, or other losses. Auto and homeowner's insurance may also include liability coverage, but the type of insurance specifically designed to cover losses suffered by others is liability insurance. Income insurance is designed to cover your own lost income in the case of a disability or other inability to work.

The Type(s) of Insurance You Carry but Which Covers Losses