ECONOMICS (CBSE/UGC NET)

ECONOMICS

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which 3 types of insurance are most appropriate for a single, working, 24-year-old with a car?
A
Health insurance
B
Disability insurance
C
Life insurance
D
Auto insurance
Explanation: 

Detailed explanation-1: -Then we examine in greater detail the three most important types of insurance: property, liability, and life.

Detailed explanation-2: -Comprehensive Car Insurance Policy This type of insurance policy provides complete protection. It covers both third-party liabilities as well as damages to your vehicle. Also, with a comprehensive cover, you can get compensation if the accident results in your death; the family members will receive the benefit.

Detailed explanation-3: -The most important ones are liability, comprehensive and collision coverage. We call them the big three of basic car insurance-coverage you can’t afford to go without.

Detailed explanation-4: -Option one: You can buy only a third-party liability insurance policy for three years.

There is 1 question to complete.