A Comprehensive Personal Liability policy excludes which of the following?

Study for the Alberta General Insurance Level 2 License Exam. Engage with flashcards and multiple choice questions, each question comes with hints and explanations. Prepare effectively for your exam!

A Comprehensive Personal Liability policy is designed to protect individuals against claims of bodily injury and property damage for which they are found legally liable. However, it typically contains specific exclusions to delineate the boundaries of coverage.

The option stating liability assumed under any contract is correct regarding exclusions because personal liability insurance generally does not cover liabilities that arise from agreements or contracts the insured enters into. In other words, if an individual agrees to take on liability for certain risks through a contract, the insurance policy won't provide coverage for those liabilities, as the insurer did not underwrite them by virtue of the policy itself.

In contrast, voluntary property damage and medical payments for intentional acts of the insured's son fall under scenarios where coverage is still pertinent to the policy's purpose, despite the acts being considered intentional or voluntary. Comprehensive liability coverage is intended to protect the insured from unintentional events rather than those stemming from intentional wrongdoing, which aligns more with the exclusions identified in the other options.

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