Personal Finance (8th Edition) (What's New in Finance)
Personal Finance (8th Edition) (What's New in Finance)
8th Edition
ISBN: 9780134730363
Author: Arthur J. Keown
Publisher: PEARSON
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Chapter 10, Problem 4DC2
Summary Introduction

To explain:

The way in which others will be compensated for their losses if B is found to be liable for expenses that exceeds her policy limits, whether others would be compensated by B’s policy for their injuries if she is not liable and the part in which they would be compensated.

Introduction:

Auto insurance refers to the automobile insurance that covers the loss of property, automobile and bodily injury due to the insured automobile. It majorly consists 4 parts which are,

  • Part A for liability coverage.
  • Part B for medical expenses coverage.
  • Part C for uninsured motorist’s protection coverage.
  • Part D for damage to automobile coverage.

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