One Physical Damage Coverage Alternative Under the Business Auto Policy

question 45

Multiple Choice

One physical damage coverage alternative under the Business Auto Policy provides coverage for losses caused by certain named perils,such as fire,lightning,or explosion;theft;windstorm,hail or earthquake;flood;vandalism or mischief;or the sinking,burning,collision or derailment of any conveyance transporting the covered auto.This physical damage coverage alternative is

• A)collision coverage.
• B)property damage liability.
• C)comprehensive coverage.
• D)specified causes-of-loss coverage.

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Definitions:

Elastic

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Supply-side Economics

An economic theory that argues economic growth can be most effectively fostered by lowering taxes and decreasing regulation to increase production.

Tax Cuts

Reductions in the amount of taxes imposed by a government, often aimed at stimulating economic growth by increasing disposable income or encouraging investment.

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The overall time period that workers consent to and can offer to work, in exchange for an established rate of pay.