ECONOMICS
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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property
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disability
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health
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life
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Detailed explanation-1: -Joey’s father is in a car accident and cannot work. What type of insurance replaces his father’s earnings? Liability insurance covers accidental harm that may be caused to other people or property.
Detailed explanation-2: -When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.
Detailed explanation-3: -Casualty insurance includes vehicle insurance, liability insurance, and theft insurance. Liability losses are losses that occur as a result of the insured’s interactions with others or their property.
Detailed explanation-4: -What is something you should NOT do in the case of a collision? You should not say “I’m sorry” after a collision, as it could be used against you in court as an admission of guilt.
Detailed explanation-5: -Types of Insurance.–Personal Insurance. Personal Insurance.–Auto Insurance. Commercial Insurance.–Workers Compensation Insurance. Personal Insurance. Property Insurance encompasses three types of policies: Auto Insurance. Health Insurance. Life Insurance. Disability Insurance. More items