Multiple Choice
Donna,who is single and 30 years old,has received several speeding tickets recently and was shocked by the effect on her auto insurance.Donna drives a 2004 Pontiac Firebird,is currently not covered by health insurance,has an emergency fund of $25,000,an income of $100,000 per year,and an investment portfolio of $230,000.She is trying to reduce the price of her auto insurance.Which of the following actions is most likely to be advisable?
A) Lower her liability limits to the minimum allowed in her state
B) Drop her medical payments coverage
C) Raise her deductible from $250 to $1,000
D) Drop her comprehensive coverage and keep collision only
E) Drop everything from her policy except the liability insurance
Correct Answer:

Verified
Correct Answer:
Verified
Q52: A liability suit could result when<br>A)lightning strikes
Q53: The basic principles of property and liability
Q54: Choose the word or phrase in [
Q55: Lenders typically require collision coverage on cars
Q56: Choose the word or phrase in [
Q58: Some common liability risks include:<br>A)driving a car<br>B)entertaining
Q59: Choose the word or phrase in [
Q60: Negligence results when a person<br>A)is not insured.<br>B)acts
Q61: Choose the word or phrase in [
Q62: Premium discounts may result from<br>A)safe driving record