AAEC 2104 Lecture Notes - Lecture 1: Time Management, Vehicle Insurance, Liability Insurance
18 Aug 2016
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Document Summary
Personal automobile policy (pap) standardized for an individual or family. Pap part d: coverage for damage to your automobile. Collision loss, other collision loss or comprehensive physical damage coverage. Imposes limits on medical expenses and other claims which may not be enough to cover all medical expenses. Determinants of the cost of automobile insurance: type of automobile. Lamboghini vs. camry: use of automobile, driver"s personal characteristics, driver"s driving record, where you live, urban or rural, discounts that you qualify for, do you pay bills, bankruptcy. Consider only high quality insurers: take advantage of discounts, buy a car that is relatively inexpensive to insure. Improve your driving record: raise your deductibles, keep adequate liability insurance. If you cause a car accident, the best thing to do is get out of your car and immediately tell everyone around that you take responsibility for causing the accidenet false.
