ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUDGETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
You hit a deer with your car and it needs to be repaired
A
Liability Insurance
B
Comprehensive Insurance
C
Collision Insurance
D
Life Insurance
Explanation: 

Detailed explanation-1: -Collision insurance is predominantly available in other countries and not in India; however, you still get this coverage under the Comprehensive policy. Collision insurance covers your vehicle against damages arising from a collision with another car or object.

Detailed explanation-2: -Below are the steps to claim for own damage Immediately after the accident, you should call the insurance company and inform them about the damage. Obtain the details of the vehicle responsible for the damage and submit to the policyholder. The incident should be reported within the stipulated time period.

Detailed explanation-3: -New York state law requires motorists who hit an animal to stop, contact either the owner or the police, and file a report. Failing to do so can result in fines.

Detailed explanation-4: -Illinois law requires drivers to report to police any deer-related accident with more than $1500 in damage. Except for law enforcement, Illinois law also makes it illegal to kill a deer crippled by a collision without permission from a conservation police officer. Remember, stay alert, and DON’T VEER FOR DEER!

There is 1 question to complete.