The purpose of gap insurance is to
A) pay the difference between the bodily injury liability limit purchased and the actual amount of bodily injury liability if it exceeds the limit.
B) pay the difference between the amount the insurer pays if a car is a total loss and the remaining amount owed on a lease or car loan.
C) pay the difference between the medical payments coverage limit and the actual medical expenses of injured family members or passengers in the insured auto.
D) pay the difference between the uninsured motorists coverage limit and the actual amount of the medical expenses incurred by the insured.
Answer: B
You might also like to view...
In the informal coaching process, a leader is most likely to inspire commitment from a follower by _____.
A. reviewing performance appraisals B. building a trusting relationship C. assisting with networking D. providing new tasks
The World Trade Organization and GATT helped reduce international trade barriers after World War II
Indicate whether the statement is true or false