Auto Insurance Policies ABSTRACT The author explains the different liability coverages to Bob who has just been in a minor accident where a car had crashed into him from behind, and caused Bob’s car to inadvertently crash into the car in front of him. Bob does not understand the clauses in his auto insurance policy and therefore needs to know who will pay for the medical expenses of his passenger Ruth, the damages to both the front and the rear of Bob’s car, the damages to the car behind Bob, the damages to the car in front of Bob and finally the liability protection coverage for total property damage and also to personal bodily injury. INTRODUCTION In a case like this the facts and figures in the police report and also the eye witness...The end:
.....DAMAGE The premiums on the above for the driver that rear ended Bob’s car and also for Bob will increase in a case like this – unless one of them or both of them have their first accidents forgiven because they are loyal customers of the insurance company and because this is their very first accident ( Loughran , 2001). References Loughran , D. S. (2001). The Effect of No-Fault Automobile Insurance on Driver Behavior and Automobile Accidents in the United States. Santa Monica, CA: Rand. Bibliography Breus , A. (2008). Life Insurance: What's It Worth?. Journal of Accountancy, 205(1), 32. Fix Your Finances Now! after Three of the Worst Years for Investors, We Offer Guidance from Top Financial Advisors. (2003, April). Black Enterprise, 33, 93.