What is normally third party liability property damage limit in respect of a commercial motor policy?
A: Between £20m and £50m
B: Between £1m and £5m
C: Between £10m and £15m
B. Third party liability property damage in respect of commercial motor is normally between £1 and £5m.
B: Days of grace are not an extension of cover, but rather a specified number of days (15 or 30 days) into the next period of insurance when the insured can still renew cover.
Which of these insurances indemnifies the insured against the costs of repairing or replacing a defective product that has been supplied by the insured?
D: Product guarantee insurance pays for the cost of repairing/replacing the defective products supplied by the insured. Product recall and financial loss insurance can be arranged under a combined policy with product guarantee.
When a caravan is being towed and is involved in a fault motor accident, resulting in damage to third-party property, does the liability section of the caravan policy cover the damage to the third-party property?
A: No, only third-party injuries are covered B: Yes, all third-party liabilities are covered C: No, any third-party liability while being towed is excluded D: Yes, providing the caravan had not become detached when the damage occurred