Jose Ruiz is a single 40-year-old loan officer at large regional bank; he has a 16-year-old son. He has decided to use his annual bonus as a down payment on a new car. One Saturday afternoon in late September, he visits Unique Motors and buys a new car for $32,000. To obtain insurance on the car, Jose calls his agent, Carrie Perkins, who represents Brown's Insurance Agency, and explains his auto insurance needs. Carrie says that she'll investigate the various options for him. Three days later, Jose and Carrie get together to review his coverage options. Carrie offers several proposals, including various combinations of the following coverage's:
(i) basic automobile liability insurance, (ii) uninsured motorist's coverage, (iii) automobile medical payments insurance, (iv)automobile collision insurance, and (v) comprehensive automobile insurance.
a. Describe the key features of these insurance coverage's.
b. Are there any limitations on these coverage's? Explain.
c. Indicate the persons who would be protected under each type of coverage.