Auto Insurance Policies

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Essay #: 053423
Total text length is 4,281 characters (approximately 3.0 pages).

Excerpts from the Paper

The beginning:
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.