Example of rating territory

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Reference no: EM132198213

1. Thad Joslin was judged at fault in an automobile accident. Three others were awarded damages of $149,000, $80,000, and $71,000. Thad has 100/300 bodily injury liability coverage. What amount, if any, would not be covered by his insurance?

2. What type of coverage in a home insurance policy is designed to pay for legal action taken against a homeowner who may be legally responsible for injury or property damage of others?

A) Business property, B) Liability, C) Floater, D) Comprehensive E) Personal property

3. Which one of the following would be an example of a rating territory that helps determine insurance rates?

A) Paul Carter drives a 2002 Volkswagen Eurovan. B) Mary Williams is 73 years old. C) Kathy Smith lives in Guthrie, Oklahoma. D) Jeremy Davis is married. E) John Brown has had three speeding tickets in five years.

Reference no: EM132198213

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