The Auto Dealers Coverage Form Includes Coverage for Violating Odometer

question 3

Multiple Choice

The auto dealers coverage form includes coverage for violating odometer (mileage) disclosure laws and selling a vehicle where there was a title defect.Which coverage under the auto dealers coverage form would respond to such claims?

• A)garagekeepers liability coverage
• B)liability coverage for "covered autos"
• C)general liability insurance coverage
• D)acts,errors or omissions liability coverage

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Definitions:

Compounded Monthly

A method of calculating interest where the interest earned on an investment is reinvested and earns additional interest in subsequent periods on a monthly basis.

Monthly Payments

Regular payments made over a set period of time, such as those for loans or subscriptions, calculated on a monthly basis.

Loan

An amount of money lent that must be repaid along with interest.

Compounded Daily

Interest calculation method where the interest is calculated and added to the principal amount daily, leading to increased earnings or payments over time.