PFIN 5th Edition by Randall Billingsley,Lawrence Gitman,Michael Joehnk

Exercise 7

Supplemental property insurance. Chandler and Frances Cornett are a high-net-worth couple. They have appropriate auto and homeowner's insurance, but are concerned that they could be sued by someone visiting or working at their home. What type of supplemental insurance might be appropriate for the Cornetts in light of their expressed concern? Explain your answer.