382,059 views
33 votes
33 votes
Fred is a car owner with automobile insurance with coverage only for accident liability. Choose the statements that accurately

describes the out-of-pocket costs to Fred for an accident that was determined to be Fred's fault.
A)
Fred must pay for the damages to the car with which he was in an accident
B)
Fred must pay for the damages done to his own car resulting from the
accident
Fred must pay for the bodily injuries to the other driver involved in the
accident
Fred must pay for any increases to his insurance premium occurring due to
the accident
D)
E)
Fred must pay for any of his own medical bills not covered by his own
health insurance resulting from the accident.

User Mjolka
by
2.3k points

1 Answer

22 votes
22 votes

Final answer:

Fred must pay for the damages to the car with which he was in an accident, the damages done to his own car resulting from the accident, and any increases to his insurance premium occurring due to the accident.

Step-by-step explanation:

According to the information provided, Fred is a car owner with automobile insurance coverage only for accident liability.

Choosing the statements that accurately describe the out-of-pocket costs to Fred for an accident that was determined to be his fault:

Fred must pay for the damages to the car with which he was in an accident.

Fred must pay for any increases to his insurance premium occurring due to the accident.

User Daniel Castro
by
3.1k points