BUISENESS MANAGEMENT
RISK MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
If car A has liability coverage
|
|
|
If car A has Under-insured Motorist coverage
|
|
|
If car A has Uninsured Motorists coverage
|
|
|
If car A has Comprehensive coverage
|
Detailed explanation-1: -Liability Coverage: The following benefits are offered by the liability insurance plan: Covers the repair/replacement cost of the damaged property (or third-party)
Detailed explanation-2: -Anyone who drives could need it. You never know when the person who hits you will have insurance or enough insurance to pay for your injuries and damage to your vehicle. Uninsured motorist coverage also pays if you’re in a hit-and-run accident and the other driver can’t be found to pay for damages.
Detailed explanation-3: -Uninsured motorist coverage, referred to as UM or UMBI, is a type of car insurance that can pay for medical expenses if you or your passengers are injured in an auto accident caused by: A driver who doesn’t have liability car insurance.
Detailed explanation-4: -Below are the steps to claim for own damage Immediately after the accident, you should call the insurance company and inform them about the damage. Obtain the details of the vehicle responsible for the damage and submit to the policyholder. The incident should be reported within the stipulated time period.