FINC352 Final Exam 2017
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FINC352 Final Exam 2017 1
Latest notes & summaries FINC352 Final Exam 2017
Questions
1. Assume that you have limits of 15/25/15
($15,000/$25,000/$15,000), the minimum required in the state where your car is garaged. If you are driving in a state that requires 25/50/20 ($25,000/$50,000/$20,000) and are involved in an accident, your insurer will interpret your policy as if it had the higher limits. Thus, even though you have to meet only the requirements where you live, your policy will provide the limits you need in any state or province in which you may be driving. Id...
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FINC352 Final Exam 2017•FINC352 Final Exam 2017
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Questions
1. Assume that you have limits of 15/25/15
($15,000/$25,000/$15,000), the minimum required in the state where your car is garaged. If you are driving in a state that requires 25/50/20 ($25,000/$50,000/$20,000) and are involved in an accident, your insurer will interpret your policy as if it had the higher limits. Thus, even though you have to meet only the requirements where you live, your policy will provide the limits you need in any state or province in which you may be driving. Id...