MANAGEMENT

Detailed explanation-1: -While parked on the street overnight, the passenger window in Sam’s car was smashed by someone trying to break in. Which type of auto insurance coverage will help cover the cost to get the window replaced? None. Typically this type of damage isn’t covered in an auto policy.

Detailed explanation-2: -Coverage for a broken window depends on what caused the damage. Your homeowners insurance policy will cover damage on either a named-peril or open-peril basis. A named-peril policy has a list of specific perils, and if your window breaks as the result of one, it’s covered.

Detailed explanation-3: -Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.

Detailed explanation-4: -Inclusions of Comprehensive Car Insurance Plan Damages caused due to accident, riots, strikes, malicious acts, earthquake, flood, storm etc. Loss or theft of the insured vehicle. Third-party liability. Personal accident cover for the driver.

Detailed explanation-5: -Collision coverage Collision pays for damage to your car resulting from a collision with an object (e.g., a telephone pole, a guard rail, a mailbox), or as a result of flipping over.