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1. What financial responsibilities should P consider if he decides to get his own car for his birthday? - Answer: He should consider all financial responsibilities associated with vehicle ownership.
2. What is a disadvantage of purchasing a new car? - Answer:...
1. What financial responsibilities should P consider if he decides to get his own car for his birthday?
- Answer: He should consider all financial responsibilities associated with vehicle ownership.
2. What is a disadvantage of purchasing a new car?
- Answer: One key drawback is that insurance premiums tend to be higher for new vehicles.
3. How can you assess a vehicle's suspension during a pre-purchase inspection?
- Answer: You can check it by pressing down on each corner of the vehicle.
4. When buying a car, who should you always take with you?
- Answer: It’s advisable to bring along an expert.
5. What’s an essential consideration before agreeing to finance a vehicle?
- Answer: It's important to know the total amount you will end up paying in the long run.
6. Why would it be unwise for Pete to go without car insurance during his first year of ownership?
- Answer: It’s a bad decision for various reasons; all options presented are correct.
7. What does liability insurance cover in the event of an accident involving you or other drivers?
- Answer: It covers the expenses for others in accidents caused by you and the other drivers included
in your policy.
8. Does medical payments coverage apply to passengers in your vehicle?
- Answer: True, it helps cover medical, dental, and funeral expenses for passengers, regardless of who
is at fault.
9. What types of expenses does personal injury protection assist with?
, - Answer: It assists with various eligible expenses, including medical bills, funeral costs, disability, and
lost income.
10. If you have AAA coverage and your car is still under warranty, do you need additional towing and
labor insurance?
- Answer: False, you do not need additional coverage in this situation.
11. What is covered under comprehensive and collision insurance for an insured vehicle?
- Answer: It covers the actual cash value of the insured vehicle.
12. After a collision, is it important to check your vehicle for visible damage first?
- Answer: False, checking other necessary details may be more critical first.
13. What should you avoid saying after an accident?
- Answer: Avoid telling everyone involved that you are sorry.
14. If your insurance company approves your claim, within how many business days must they send your
payment?
- Answer: They are required to send a check or draft within five business days.
15. Why are male drivers under the age of 25 charged higher insurance premiums?
- Answer: They are considered more likely to be involved in crashes.
16. What kind of insurance discount might Stella qualify for since she hasn't had any driving violations or
accidents?
- Answer: She may be eligible for a safe driving record discount.
17. Why do insurance companies offer discounts?
- Answer: They provide discounts to customers who continue their policy or stay with them for an
extended period.
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