What Is It About Liability Coverage That Makes It So

question 110

Multiple Choice

What is it about liability coverage that makes it so important?

• A)There is no way to know in advance what your potential liability loss will be.
• B)Huge sums of money are handed out in settlements over lawsuits over auto accidents.
• C)This coverage will pay all legal costs should you be involved in a civil case arising from an accident.
• D)All of the above are correct.

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Definitions:

Growth Rate

Growth rate refers to the percentage change in a specific variable over a specified period, commonly used to indicate the increase in a company’s revenue or economy's GDP.

Source Bias

The tendency of a source of information to lean towards a particular perspective or opinion, potentially influencing the objectivity of the information presented.

FCC

Stands for the Federal Communications Commission, which is a U.S. government agency regulating interstate and international communications by radio, television, wire, satellite, and cable.

Regulatory Power

Regulatory power is the authority granted to governmental agencies or bodies to establish and enforce rules and regulations governing the behavior of individuals, businesses, and other organizations.