Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This is a common knowledge fill in the blanks, can someone verify the current responses and try to fill out the rest please For car

This is a common knowledge fill in the blanks, can someone verify the current responses and try to fill out the rest please

image text in transcribed

For car insurance, due to Pierre's age and sex and the car, he pays very high insurance premiums. He decided on having a very high deductible of $2,000 which helped reduce his car insurance costs but knows he would have to pay this before his insurance company would cover the rest of the claim if he got into an accident and was determined for the collision. Pierre knows that in Quebec, the insurance is no-fault regardless of who is responsible for the accident. He also knows that every province recognizes that it is critical for drivers to have adequate coverage as you can be held responsible for any amounts above your policy limit; in Quebec, you must have at least $ in coverage. Since Pierre took a personal finance course during his studies, he wisely knew to increase this coverage to $2 million when driving outside of Quebec (i.e. in some other provinces and in the US), as an injured party has the right to for pain and suffering

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Environmental Auditing Fundamentals And Techniques

Authors: J. Ladd Greeno

2nd Edition

091509410X, 978-0915094103

More Books

Students also viewed these Accounting questions