Based on historical data,an auto insurance company anticipates the shown pattern of claims. What is the expected claim on the next policy sold by the company
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Auto Insurance Explained for Dummies. Having auto insurance explained in clear and simple terms can be helpful. ... Most states require every licensed driver to carry a certain level of liability insurance. Liability coverage pays for any damage that you inflict on other drivers in an accident.
A basic auto insurance policy is comprised of six different kinds of coverage, each of which is priced separately (see below).
Bodily Injury Liability. ...
Medical Payments or Personal Injury Protection (PIP) ...
Property Damage Liability. ...
Collision. ...
Comprehensive. ...
Uninsured and Underinsured Motorist Coverage.
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