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What are the 4 major elements of insurance premium?

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in Insurance by (82.5k points)
What are the 4 major elements of insurance premium?

My question is taken from Insurance subject matter

The question was asked by my college director while I was bunking the class.

Other related questions to my question are:

What are the 4 major elements of insurance premium?

What are the 4 types of insurance?

What are the main elements of insurance?

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Correct answer for this question is: - Liability Coverage.   

- Collision and Comprehensive Coverage.   

- Uninsured/Underinsured Motorist.   

- Personal Injury and Medical Payment Coverage.

The title of my answer can be The 4 Elements of Basic Car Insurance Coverage

The heading of my answer is While actual requirements vary by state, most basic auto insurance policies include these four elements.

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