What is the term for contracts that the insured assumes liability under, for coverage in the policy?

The correct term for contracts where the insured assumes liability for coverage in the policy is “Insured Contracts.” This phrase specifically refers to those agreements wherein the insured agrees to take on certain liabilities, and the insurance policy provides coverage for those liabilities. This is particularly important in various types of insurance, such as general liability insurance, where the insured may enter into contracts with third parties and bear responsibility for claims that arise from those agreements.

“Insured Contracts” typically include leases, sidetrack agreements, easement agreements, and other types of contracts where the insured is assuming liability that may arise during the performance of the contract. The coverage is designed to protect against risks associated with those specific contracts, ensuring that the insured is financially protected in the event of a claim or lawsuit related to the liabilities assumed.

Other choices may suggest different types of contracts or endorsements, but they do not specifically encompass the legal responsibility taken on by the insured in this context.