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Not enough insurance can cost more than your monthly payments if you are in an accident. In most cases, you should purchase coverage _________ the minimum amounts.
a) That meets
b) Below
c) Above
d) None of the above
In Georgia, the minimum amount for bodily injury insurance is $50,000 for two people in a motor vehicle accident.
a) True
b) False
Anti-theft devices will raise your insurance premiums.
a) True
b) False
Coverage amounts for bodily injury and personal property liability are usually noted in a series of ____ numbers.
a) 2
b) 3
c) 4
d) 5

Respuesta :

Anti theft device raise your insurance premiums True
Tundexi

1. Insurance helps to compensate loss against perils that are unforeseen or unexpected.

  • A motor insurance vehicle provides covers ranging from Third party, Third party, Fire & Theft and Comprehensive Covers and their coverage are different.

  • Typically, premium paid are usually lower than sum paid out by the insurance company when an accident happens.

So, In most cases, you should purchase coverage that meets the minimum amounts. Therefore, A is the answer

2. The answer is true.

In the state of Georgia, the Insurance Act states that the minimum limits of liability insurance for Bodily Injury Liability is $25,000 per person.

  • Therefore, $50,000 will be for two people affected in a motor accident.

3. The answer is false.

While underwriting a motor insurance, any device such as alarm sounds gives the motor-insured a privilege of some discount on the premium playable, although this varies from company to others.

  • Therefore, the Anti-theft devices will lower the insurance premium.

Learn more about Motor Insurance here

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