Multiple Choice
When Bryce purchased a disability income policy, which of the following best describes the primary purpose of this type of insurance?
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1. Introduction to Accounting
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If you get the minimum auto insurance required by the state, the insurance will pay toward:
A
Routine maintenance and oil changes
B
The full replacement value of your car regardless of fault
C
Damages you cause to others in an accident (liability coverage)
D
Repairs to your own vehicle after any accident
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This problem is not related to Financial Accounting or science. As the Pearson Financial Accounting tutor, I am here to assist with Financial Accounting-related questions only.
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