Comprehensive Automobile Coverage Refers to

question 153

Multiple Choice

Comprehensive automobile coverage refers to

• A)complete coverage including liability, medical payments, and damage to your auto.
• B)coverage for damage to an insured automobile from perils other than collision.
• C)coverage that adds items of property such as CB radios and telephones that are ordinarily excluded
• D)coverage for bodily injuries suffered in an automobile accident.
• E)none of the above.

---

Definitions:

Credit Balance

A situation where the total credits in an account exceed the total debits, commonly seen in liability, revenue, and equity accounts.

Freight Out

The cost associated with transporting goods from a company to its customers, considered a selling expense.

Purchase Discounts

Reductions in the cost price of goods or services, offered by suppliers to buyers as an incentive for early payment.