Which of the Following Is the Most Important Reason to Carry

question 120

Multiple Choice

Which of the following is the most important reason to carry significant third party liability coverage?

• A)It would provide medical and rehabilitation coverage for you and the passengers in your car, to the limit you select, and if insufficient, you would be required to pay the difference.
• B)It provides excess medical and rehabilitation coverage if you are not at fault.
• C)It provides excess coverage for accidents caused by uninsured and underinsured motorists, when you were not at fault and if insufficient, you would be required to pay the difference.
• D)It provides coverage for any court ordered awards to injured parties if you are at fault and if your coverage is insufficient, you would be required to pay the difference.

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Definitions:

Bootstrap Distributions

Bootstrap distributions are theoretical distributions created by resampling with replacement from an observed dataset, used to estimate the sampling distribution.

Population Distribution

A description of how individuals are distributed across the range of possible outcomes in a given population.

Trimmed Mean

A method of averaging that involves removing a certain percentage of the largest and smallest values before calculating the mean.

Bootstrap Distribution

A statistical technique for estimating the sampling distribution of an estimator by resampling with replacement from the original dataset.