Economics > SOPHIA Milestone > SOPHIA ECON102 Unit 4 Milestone Latest 2022 (All)
15/17 that's 88% Well done! If you keep getting Milestone scores like this you'll pass the course. 15 questions were answered correctly. 2 questions were answered incorrectly. 1 Which of the fol... lowing is a feature of the personal automobile policy (PAP)? The policy pays the cost of the damages to anyone injured in an accident caused by the policyholder. The policy covers damages to the insured vehicle caused by natural disasters, such as flooding. The policy pays the fines incurred from parking tickets issued to the owner of an insured vehicle. The policy covers the cost to replace worn-out body parts of the insured vehicle. RATIONALE A PAP provides insurance coverage in case of an accident. It helps to pay any expenses (liabilities) to others in case policyholders cause an accident. A PAP creates a safety net in case you are at fault in causing significant physical, bodily, or emotional harm to others. It also provides a safety net should you be in an accident caused by an uninsured or underinsured driver. CONCEPT Auto Insurance 2 Which of the following statements correctly describes probate? Probate refers to the process of hiring an attorney to draft a will for the deceased individual's property. Probate refers to the disposal of disclaimed property as per the order of the executor of a will. Probate refers to the process that involves obtaining a deceased person's taxes from their legal heirs. Probate refers to the execution of a will under court supervision. [Show More]
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