MANAGEMENT

BUISENESS MANAGEMENT

INSURANCE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Rylan recently bought a new car. He didn’t have enough money to pay cash, so he had to take out a loan. Which of the following types of car insurance will the bank require him to have?
A
Liability and collision
B
Collision and comprehensive
C
Comprehensive and liability
D
Liability
Explanation: 

Detailed explanation-1: -Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.

Detailed explanation-2: -What is a deductible? The amount of money the insurance company agrees to pay. The amount you have to pay before the insurance company will make a payment. When you report an incident and ask to be compensated for the cost.

Detailed explanation-3: -mutual life insurance companies. Which statement is correct regarding mutual insurance companies? A mutual company refunds part of the premium to the policyholders.

Detailed explanation-4: -Q. Which term refers to an arrangement where you are responsible for paying a percentage of covered medical expenses after your deductible is met? Deductible limit.

There is 1 question to complete.