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 9DC2
Summary Introduction

To explain:

The reason for B to never admit guilt, sign anything or comment on the amount of insurance she has if she was to get in an accident during her daily commute.

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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