Answer:
LIMIT
The policy will pay for up to
$100,000 of damage to
another person's property.
The policy will pay only
$100 per incident for a
tow truck
DEDUCTIBLE
The policyholder must pay
the first $1,000 of repair
expenses before insurance
will pay for anything,
PREMIUM
The policy offers coverage
for a cost of $178 per month
The policyholder must
pay $500 semiannually
to the insurance provider
Step-by-step explanation:
LIMIT is the maximum amount an insurer will pay toward a covered claim
DEDUCTIBLE is the amount paid out of pocket toward a covered claim
PREMIUM is the amount paid regularly to keep the policy in force.
