Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Joy is looking at protecting herself by buying the appropriate insurance. Complete the sentence using the words below (words can be used multiple times). a)Joy's

Joy is looking at protecting herself by buying the appropriate insurance. Complete the sentence using the words below (words can be used multiple times).

a)Joy's family relies on her income as she is the breadwinner in the family. Should she die, the loss of income will be protected by ____________________.

b)Joy had a car accident in which another person in her car was injured. The medical bills and liability will be protected by___________________________.

c) Joy car accident resulted in significant damage to her car. The car repairs will be covered by __________________________.

d) Joy car accident resulted in another person in the other driver's car to be injured. The medical bills and liability will be protected by __________________________.

e) Joy neighbour came by for a visit over the weekend and fell down the stairs in Joy home. The ambulance was called as her neighbour had significant injuries. The medical bills and liability will be covered by ___________________________.

Auto Insurance (Collision)

Mortgage Default Insurance

Convertible mortgage

Health Insurance

Life Insurance

Disability Insurance

Casualty Insurance

Long-Term Care insurance

Tenant Insurance

Homeowner's Insurance (Liability)

Auto Insurance (Accident Benefits)

Auto Insurance (Liability)

Mortgage Loan Insurance

Homeowner's Insurance (property damage)

Lawsuit

Umbrella insurance

Emergency Fund

Personal Balance Sheet

Step by Step Solution

3.44 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

The detailed answer for the above question is provided below a Joys family relies on her income as s... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Finance questions

Question

What questions do you have for us?

Answered: 1 week ago

Question

4.105 6.395 B.s35 None of tere antimes istod here

Answered: 1 week ago

Question

What constitutes effective and efficient marketing communication?

Answered: 1 week ago