a-d
company would pay Sasha assuming that it reimburses losses on an actual cash-value basis? 5. Evaluating personal automobile policy features. Tucker Carson of Pittsburgh, Pennsylvania is a single, 40-year-old loan Complete Pray 11/5/20, 9:00 AM Later rcises 7 LO4 LO5 officer at a larger ge regional bank; he has a 16-year- old son. He has decided to use his annual bonus a down payment on a new car. One Saturday afternoon in late September, Tucker visits Decker Motors and buys a new car for $32,000. To obtain insurance on the car, he calls his agent, Valerie Hurst who represents Shepard's Insurance Agency, and explains his auto insurance needs. Valerie says that she'll investigate the various options for him. Three days later, Tucker and Valerie get together to review his coverage options. Valerie offers several proposals, including various combinations of the following coverages: (i) basic automobile liability insurance, (ii) uninsured motorists coverage, (iii) automobile medical payments insurance, (iv) automobile collision insurance, and (v) comprehensive automobile insurance. a. Describe the key features of these insurance coverages. b. Are there any limitations on these coverages? Explain. C. d. Indicate the persons who would be protected under each type of coverage. What kind of insurance coverages would you recommend that Tucker purchase? Explain your recommendation. company would pay Sasha assuming that it reimburses losses on an actual cash-value basis? 5. Evaluating personal automobile policy features. Tucker Carson of Pittsburgh, Pennsylvania is a single, 40-year-old loan Complete Pray 11/5/20, 9:00 AM Later rcises 7 LO4 LO5 officer at a larger ge regional bank; he has a 16-year- old son. He has decided to use his annual bonus a down payment on a new car. One Saturday afternoon in late September, Tucker visits Decker Motors and buys a new car for $32,000. To obtain insurance on the car, he calls his agent, Valerie Hurst who represents Shepard's Insurance Agency, and explains his auto insurance needs. Valerie says that she'll investigate the various options for him. Three days later, Tucker and Valerie get together to review his coverage options. Valerie offers several proposals, including various combinations of the following coverages: (i) basic automobile liability insurance, (ii) uninsured motorists coverage, (iii) automobile medical payments insurance, (iv) automobile collision insurance, and (v) comprehensive automobile insurance. a. Describe the key features of these insurance coverages. b. Are there any limitations on these coverages? Explain. C. d. Indicate the persons who would be protected under each type of coverage. What kind of insurance coverages would you recommend that Tucker purchase? Explain your recommendation
