Components of liability coverage in an auto insurance policy

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Reference no: EM131301863

1. Liability Coverage. Describe the two components of liability coverage in an auto insurance policy.

2. Policy Limits. What do policy limits of 25/50/25 mean? Do you think the minimum amounts of liability insurance required by your state are suitable for all drivers? Explain your answer.

3. Financial Responsibility Laws. Describe the two types of financial responsibility laws most states have. Are these laws always effective?

Reference no: EM131301863

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