EBK PFIN
6th Edition
ISBN: 8220103648844
Author: Billingsley
Publisher: CENGAGE L
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Question
Chapter 10, Problem 3FPE
Summary Introduction
To discuss: A plan for B family in deciding how much insurance to buy and help them find a policy
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Students have asked these similar questions
Imagine you’re renting an apartment with a friend after high school. Your friend wants to get satellite TV but can’t because they have bad credit due to a history of late payments. They ask if you’ll sign up for it and assure you they’ll take care of the payments. How would you respond?
II. Case Application. Answer the following situations by applying what you have learned from
the previous discussions.
A customer says, "Insurance is a waste of money. If and when I suffer a financial loss because
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Chris, a good buddy or yours, is learning about personal automobile policies. He just received his policy from the insurance company. There is an item listed that he wants to take off because he doesn't think he needs it. This coverage will provide additional coverage that will pay his medical and property damage expenses above what someone else's policy pays. What policy is he referring to and does he need it?
Question 6 options:
Uninsured Motorist Coverage / No
Uninsured Motorist Coverage / Yes
Comprehensive Insurance / No
Comprehensive Insurance / Yes
Give typing answer with explanation and conclusion
Knowledge Booster
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