Property and Casualty Insurance Exam |
Questions with 100% Correct Answers | Verified |
Latest Update 2026
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Terms in this set (18)
TERM DEFINITION LOCATION
Suability factor .The likelihood of a legally liable
insured being sued for alleged injuries
or damage to a third party. This factor is
determined, in part, by the size of the
insured's savings account and stock
portfolio, the extent of the real estate
holdings, the family income, his or her
profile in the community, and future
income. Individuals with a high suability
factor nearly always need a personal
umbrella policy with at least a $2
million limit.
Questions with 100% Correct Answers | Verified |
Latest Update 2026
Save
Terms in this set (18)
TERM DEFINITION LOCATION
Suability factor .The likelihood of a legally liable
insured being sued for alleged injuries
or damage to a third party. This factor is
determined, in part, by the size of the
insured's savings account and stock
portfolio, the extent of the real estate
holdings, the family income, his or her
profile in the community, and future
income. Individuals with a high suability
factor nearly always need a personal
umbrella policy with at least a $2
million limit.
