Question

Henry Edwards was injured in an accident caused by another driver who did not have insurance. Henry's medical expenses would be covered by:

Question 21 options:

A)	bodily injury liability.

B)	medical payments.

C)	no-fault coverage.

D)	uninsured motorists protection.

E)	collision.

Question 22 (0.4 points)

A $2,000 deposit to a tax-deferred individual retirement account (IRA) for a person in a 25 percent tax bracket would result in a reduced tax bill of:

Question 22 options:

A)

$1,200

B)

$1,500

C)

$300

D)

$500

E)

$2,000

Question 23 (0.4 points)

Thad Joslin was judged at fault in an automobile accident. Three others were awarded damages of $150,000, $75,000, and $75,000. Thad has 100/300 bodily injury liability coverage. What amount, if any, would not be covered by his insurance?

Question 23 options:

A)

$25,000

B)

$100,000

C)

$150,000

D)

$50,000

E)	None. The total amount would be covered by insurance.

Question 24 (0.4 points)

Wind damage occurs to your car costing $800 to repair. If you have a $100 deductible for collision and full coverage for comprehensive, what portion of the claim will the insurance company pay?

Question 24 options:

A)

$800

B)

$700

C)

$100

D)

$500

E)

$200

Answer 1

Question-21= answer-B.

B) medical payment coverage helps to pay the medical expenses for insured persons who got injured in an auto accident.

Others are incorrect as:-

A) Bodily injury liability is for the faulty party who is insured and cause the damage as it would help them to compensate the injured party.

C) under this the injured party has to pay themselves for their pain and suffering. Injured party comes out of no-fault protection when medical bill exceed certain limits.

D) Third-party motor vehicle insurance is compulsory for all the driver but if the driver doesn't have vehicle insurance then the damaged party would claim for damages under uninsured motorist protection.

E) collision insurance is for automobile coverage only which is paid by insured party who cause damage.