Briefly explain the factors that are considered in determining the premium for automobile liability insurance. What additional factors are considered in the rating of comprehensive and collision coverage? What factors apply in the case of youthful drivers that are not considered in the case of other drivers

Briefly explain the factors that are considered in determining the premium for automobile liability insurance. What additional factors are considered in the rating of comprehensive and collision coverage? What factors apply in the case of youthful drivers that are not considered in the case of other drivers

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter12: Life Insurance Planning

Section12.3: Understanding Your Life Insurance Policy

Problem 6CC

See similar textbooks

Similar questions

Briefly explain the factors that are considered in determining the premium for automobile liability insurance. What additional factors are considered in the rating of comprehensive and collision coverages? What factors apply in the case of youthful drivers that are not considered in the case of other drivers? [
To receive coverage for bodily injury resulting from an accident with a stolen vehicle, an individual should purchase which of the following coverage? Medical payment Uninsured Motorists Bodily injury liability Property damage liability
Why do you believe auto insurance companies provide premium relief?
"What is the effect of state laws forcing individuals to purchase auto liability insurance?"
For automobile insurance, Describe how risk can be managed. Evaluate the risks in society. Discuss the relationship between risk and this type of insurance. Describe the risk management tools. Discuss the legal principles of risk and this type of insurance.
What actions can a person take to reduce the cost of automobile insurance?
The PRIMARY function of an umbrella liability insurance policy is to provide coverage for • A. personal property damage caused by inclement weather. B. legal claims that exceed the policyholder's primary liability insurance limits. C. multiple dwellings and vehicles under a single insurance policy. D. vehicles that are either rented or borrowed by the policyholder.
What are the three major classes of loss associated with the ownership or operation of an automobile? What types of insurance coverage protect against each? What automobile coverages protect against each?
Which of the following people is to have the highest auto insurance premium?
Identify and describe the personal risk that is mitigated by the purchase of disability income insurance;
Which of the following statements is correct about perils in property insurance policies? An (HO-2) form provides coverage for more perils than a (HO-3) Form. a Peril is defined as the cause of a loss A peril increases the chance of a loss a property insurance policy must contain a list of all cover perils
The Insuring clause in an Accident & Health policy states which of the following information? A. The insured's obligations B. The insurance company's obligations C. The risks excluded from coverage D. The cost of the coverage