Which One of the Following Types of Coverage Would Pay

question 107

Multiple Choice

Which one of the following types of coverage would pay for damage to your automobile in an accident for which you were at fault?

• A)Property damage liability
• B)Collision
• C)Comprehensive physical damage
• D)No-fault insurance
• E)Assigned risk pool coverage

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Definitions:

Alphabetical Order

A method of organizing items based on the sequence of the letters in their names from A to Z.

Largest Dollar Amounts

Refers to the items or transactions within a financial statement or budget that have the highest monetary value.

Accounting Equation

The accounting equation is a foundational principle of accounting, stating that assets equal liabilities plus owner's equity, serving as the basis for double-entry bookkeeping.

Rent for Equipment

The cost incurred for borrowing equipment necessary for the operations of a business or project.