BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS LAW

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Insurance that pays for damage from some type of impact to the insured’s own car is
A
property damage liability insurance
B
comprehensive insurance
C
collision insurance
D
uninsured
Explanation: 

Detailed explanation-1: -Under collision cover, you will be insured for any damages incurred on your own vehicle in the event that you collide with another vehicle, or property. You could even collide with a tree or a wall, and the insurance company will pay for the damages.

Detailed explanation-2: -Comprehensive insurance is insurance coverage that pays for the repair or replacement. Comprehensive car insurance typically covers third-party liabilities, damage from an accident, fire, natural calamity, theft, etc.

Detailed explanation-3: -A comprehensive car insurance is an extensive motor insurance plan that covers the insured person against both, own damages and any third party liabilities.

Detailed explanation-4: -Collision coverage Collision pays for damage to your car resulting from a collision with an object (e.g., a telephone pole, a guard rail, a mailbox), or as a result of flipping over. The average cost is about $290 per year. Collision coverage reimburses you for the costs of repairing your car, minus the deductible.

Detailed explanation-5: -Comprehensive coverage protects your vehicle from unexpected damage, such as a tree branch falling on it or hitting an animal, while collision coverage protects against collisions with another vehicle or object.

There is 1 question to complete.