BUISENESS MANAGEMENT
INSURANCE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The insurance company will reconsider and pay it all
|
|
|
You will pay $134, 000 out of pocket or via wage garnishment
|
|
|
The person you injured will be nice and drop the lawsuit
|
|
|
The insurance company will cover none of it
|
Detailed explanation-1: -Liability. Buy at least standard 100/300/100 coverage, which translates into $100, 000 coverage per person for bodily injury, including death, that you cause to others; $300, 000 in BI per accident; and property damage up to $100, 000.
Detailed explanation-2: -Your insurance provider is only liable for payment up to your policy limits. If a car accident victim sues you and receives a judgment for more than your car insurance policy limits, you are personally liable for the amount above your policy limits.
Detailed explanation-3: -Bodily injury refers to specific kinds of harm done to the body after an incident, such as bruises, burns, cuts, fractured bones, and nerve damage. When someone carries bodily injury insurance, it covers the costs of the other person involved in the accident.
Detailed explanation-4: -You can be sued for the damages you caused that went beyond the coverage limits and can be forced to pay by the court, which could mean having future earnings garnished and personal property auctioned off to pay for the damage.