Which is the correct type of insurance that would be used:Davids mother is killed in an automobile accident. What type of insurance would provide his family financial support to cover the paid and unpaid work his mother performed?

INSURANCE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which is the correct type of insurance that would be used:David’s mother is killed in an automobile accident. What type of insurance would provide his family financial support to cover the paid and unpaid work his mother performed?

A	Property and liability
B	Health
C	Life
D	Disability
E	Workers’ compensation

Explanation:

Detailed explanation-1: -Liability Coverage: Covers the repair/replacement cost of the damaged property (or third-party) Covers the medical bills of the third party due to hospitalization or medical treatment. Vehicle owners should buy minimum liability insurance as per the legal obligation and the insurance policy will cover the same.

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: -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.

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