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Insurance/General Fast Facts, Last Updated:09/06/2010 A single policy may cover risks in one or more of the above
categories. For example, car insurance would typically cover both
property risk (covering the risk of theft or damage to the car) and
liability risk (covering legal claims from say, causing an
accident). A homeowner's insurance policy in
the US typically includes property insurance covering damage to the
home and the owner's belongings, liability insurance covering
certain legal claims against the owner, and even a small amount of
health insurance for medical expenses of guests who are injured on
the owner's property. |
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