1. Discuss the role of financial responsibility laws and describe the two basic types currently employed. 2. Briefly describe the following supplemental property insurance coverage: (a) earthquake...

1. Discuss the role of financial responsibility laws and describe the two basic types currently employed.

2. Briefly describe the following supplemental property insurance coverage: (a) earthquake insurance, (b) flood insurance, and (c) other forms of transportation insurance.

3. What is a personal liability umbrella policy? Under what circumstances might it be a wise purchase?