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____________ Provides Coverage for the Risk of Financial Loss Due

question 21

Multiple Choice

____________ provides coverage for the risk of financial loss due to legal expenses, medical expenses, lost wages, and other expenses associated with injuries caused by an automobile accident for which you were responsible.


Definitions:

Deductible

An amount that a policyholder must pay out of pocket before an insurance provider will cover any expenses.

Insured

An individual or entity covered by an insurance policy, receiving financial protection or reimbursement against losses from an insurer.

Loss

The state or condition of not having something anymore, often referring to the disadvantage suffered following a particular event or action.

Breach of Warranty

Failure to meet the terms of a promise or guarantee made about the quality or durability of a product or service.

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