Common exclusions with a liability policy would typically include all of the following EXCEPT:

A) damage to property in the insured's care, custody, or control.

B) injuries or damages caused unintentionally by the insured.

C) damage to property owned by the insured.

D) injuries or damages caused intentionally by the insured.

Answer: B

Liability

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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The voluntary relinquishment of a legal right is called
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