Medical Payments Coverage in an Automobile Insurance Policy Pays for the Costs

question 56

True/False

Medical payments coverage in an automobile insurance policy pays for the costs of injuries to persons in the driver's vehicle.

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Definitions:

Relevant

Pertinent or directly connected to the matter at hand, especially in the context of decision-making where only factors that affect the decision are considered.

Avoidable Cost

Expenses that can be eliminated if a particular decision is made or if a business operation is discontinued.

Sunk Cost

Costs that have already been incurred and cannot be recovered or altered by any future action.

Eliminated

Removed or taken away, often used in the context of erasing a component or aspect in various fields such as finance, science, or competition.