All categories

3 years ago

Describe both types of coverage as well as the minimum required amount for each.

Law

1 answer:

eduard3 years ago

4 0

Answer:

There are different kinds of insurance coverage. The two to be discussed here is the Car insurance and life insurance.

Note that all state has its minimum car insurance requirements and the amount varies. The items taken into consideration are the amount of coverage one need so as to be legally insured.

The minimum amount for Alabama in terms of bodily injury liability insurance (BI) is $25,000 per person/ $50,000 per accident, while property damage liability (PD) is $25,000 per accident.

The minimum amount for life insurance such as life insurance products has a minimum coverage amount of $100,000. Some that is very few will go as low as has low amount of $50,000.

What is Insurance coverage?

Insurance coverage is simply known as the amount of risk or liability that is taken up for a person, firm etc. through the use of insurance services. The types of insurance coverage are auto insurance, life insurance, etc.

Learn more about Insurance coverage from

brainly.com/question/2501031

Explanation:

You might be interested in

Which of the following types of income can be self-employment income?

sertanlavr [38]

Answer:

Explanation:

Self employment income can be based off of all answer because self employment is considered a person who is contracted under ones own business ventures or entrepreneuristic ventures that can be contracted or is a self service I believe and from my understanding.

6 0

2 years ago

Under the Uniform Securities Act, the limited registration provision available to Canadian broker-dealers and their agents permi

Tanzania [10]

Answer and Explanation:

Under the Uniform Securities Act, the limited registration provision available to Canadian broker-dealers and their agents permit such broker-dealers to conduct businesses with interested people who reside in Canada; in addition, broker-dealers can also conduct businesses with Canadians who plan to reside in the state on a temporary basis, and whom they were already familiar with, prior to the time they came to the United States.

4 0

4 years ago

Find five state laws that protect consumer rights and describe them in 30–60 words each

lisabon 2012 [21]

Answer:

Consumer rights are consumer protections that encourage businesses to produce products and services that will be beneficial and safe for consumers. In this lesson, we will identify and discuss the five major rights of consumers: safety, information, choice, voice, and redress.

Explanation:

6 0

4 years ago

Read 2 more answers

Which of the selections below was a belief of the Founding Fathers that mirrored John Locke's idea of the social contract?

zhannawk [14.2K]

It was a human being that lived on our solar system

4 0

4 years ago

Read 2 more answers

Noisy traffic and fear of the officer are examples of which of the following

DENIUS [597]

Answer:

Barriers.

Explanation:

A barrier is an object or structure that is used to block off a road or route with the purpose of stopping or diverting traffic on that road. Barriers are also sometimes used to block access to a particular building.

Today, barriers often occur during road works, for example to keep traffic away from a street where work is in progress or to indicate a detour. Barriers such as concrete blocks, window boxes and posts are also used or considered against vehicle meddling in pedestrian areas.

5 0

3 years ago