All of the following are time element coverage forms except
Question:
What are the HO-4 homeowners also called?
Answer:
The only one on this list that is not a time element coverage form is the Legal Liability Coverage Form. Liability insurance is a type of insurance that protects a person or business from claims that come from hurting or damaging other people or their property. Liability insurance pays for a person or business’s legal fees and damages if they are found legally responsible. Most liability insurance doesn’t cover damage that was done on purpose or that was required by law. Liability insurance is important for people who hurt or damage other people or their property and are responsible for it. So, third-party insurance is another name for liability insurance.
