BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Suppose Rudy suffers a debilitating auto crash at age 30 and can no longer work for at least several months. What type of insurance could help Danny pay his basic expenses?
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Life insurance
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Liability insurance
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Disability insurance
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Homeowner’s insurance
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Explanation:
Detailed explanation-1: -For most disability insurance policies in India, the waiting time is no longer than 14 days. The benefits given by the policy are similarly limited to a maximum of two years. You can keep receiving benefits under a short term disability insurance policy until you have recovered or exhausted the coverage amount.
Detailed explanation-2: -Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.
Detailed explanation-3: -Then we examine in greater detail the three most important types of insurance: property, liability, and life.
There is 1 question to complete.