Question

jordons insurance lesson: insurance
frustrated, jordan contacted his insurance company, only to learn that his liability - only coverage would not pay for the repairs - because the damage was not to another persons car, but to his own, and he lacked collision or uninsured motorist coverage. layla reminded him that this was why her dad insisted on full coverage for her car. jordan realized that trying to save money upfront had left him vulnerable. now he would have to cover nearly $2,000 in repair costs on his own.
what general conclusions can be drawn about jordans situation? check all that apply.
he chose minimal insurance to save money
his experience highlighted the value of understanding different types of insurance
his policy covered damages caused by unidentified drivers.
he realized that choosing limited coverage can lead to costly outcomes.
he may now be more likely to seek advice before making future insurance decisions

Explanation:

Jordan had liability - only coverage, faced out - of - pocket costs. His situation shows importance of insurance knowledge.

Answer:

He chose minimal insurance to save money
His experience highlighted the value of understanding different types of insurance
He realized that choosing limited coverage can lead to costly outcomes
He may now be more likely to seek advice before making future insurance decisions