FP101-Appendix F.doc Tara Von Gulner

FP101-Appendix F.doc Tara Von Gulner - Axia College...

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Axia College Material Appendix F Insurance Matrix Type of Insurance Functions Example of Company Coverage Characteristics Auto Auto insurance is meant to protect against an accident or other incident involving a motor vehicle. Policies provide coverage for property as well an injury to the parties involved. American Family Compulsory automobile insurance laws Require proof of liability insurance to register your car Financial responsibility laws $20,000 or $25,000 per person in the accident $40,000 or $50,000 total for all people in the accident $10,000 or $15,000 for all property damage 50/100/15 $50,000 limit on payments to one person in an accident $100,000 limit on payments to all persons in an accident $15,000 limit on payment for FP/101
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damage to property of others The Personal Automobile Policy (PAP) Bodily injury coverage Part A: Bodily injury liability Part B: Medical expenses coverage Part C: Uninsured motorist protection Property damage coverage Part A: Property damage liability coverage Part D: Collision
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This note was uploaded on 09/04/2011 for the course FP101 101 taught by Professor Unknown during the Spring '10 term at University of Phoenix.

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FP101-Appendix F.doc Tara Von Gulner - Axia College...

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