help What is the minimum limit that an automobile policy must carry for third party liability in Ontario?OA) $1,000,000OB) $500,000OC) $200,000OD) $100,000 Language: English FrançaisOD) Flood.Font Size:Insurance under Section 7 of O.A.P. 1 Owner's Policy, Loss or Damage Coverages, is usually subject to a deductible. Thedeductible does NOT apply to damage caused by which one (1) of the following perils?OA) Vandalism.B) Lightning.C) Windstorm.

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What is the minimum limit that an automobile policy must carry for third party liability in Ontario?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Concept explainers

Motor Vehicle Insurance

Motor vehicle insurance is a contract between the insurance company that provides insurance cover and the person who owns the vehicle. According to the terms and conditions of the insurance contract, the insurance company reimburses the policyholder for losses and damages. This insurance policy covers the financial risks of the motor vehicle owner. Electronic vehicles are also covered in a vehicle insurance policy, but the insurance rate is relatively higher than other motor vehicle insurance. Motor vehicle insurance is otherwise called an automotive insurance policy.

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What is the minimum limit that an automobile policy must carry for third party liability in Ontario?
OA) $1,000,000
OB) $500,000
OC) $200,000
OD) $100,000

Language: English Français
OD) Flood.
Font Size:
Insurance under Section 7 of O.A.P. 1 Owner's Policy, Loss or Damage Coverages, is usually subject to a deductible. The
deductible does NOT apply to damage caused by which one (1) of the following perils?
OA) Vandalism.
B) Lightning.
C) Windstorm.

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