1. Which one of the following best describes protection and indemnity (P&I) insurance?
1. A marine insurance that means bodily injury and property damage liability coverage.
2. Physical damage insurance on a boat, including its sales, machinery, and equipment.
3. A stronger promise than a contract agreement.
4. Required benefits to marine employees.
2. The personal umbrella policy covers the insured's liability for personal injury. Under a typical personal umbrella policy, the definition of personal injury liability includes which one of the following:
1. Assault and battery intentionally committed.
2. False arrest.
3. Property damage to property of others.
4. Abandonment.