What type of Accident Benefit would be provided in the case of a fatality resulting from an accident?

Prepare for the IBABC Automobile Insurance Exam with our multiple choice questions with explanations and hints. Study effectively with our engaging quizzes and ensure you're exam-ready!

In the case of a fatality resulting from an accident, the appropriate type of Accident Benefit is Death Benefits. This benefit is specifically designed to compensate the beneficiaries of the deceased for the loss of financial support and to cover various expenses that may arise from the accident, such as funeral costs. Death Benefits are critical for ensuring that the family of the deceased can manage the financial implications of their loss, providing much-needed support during a difficult time.

Wage Loss Benefits pertain to compensation for income lost due to an injury sustained in an accident, which would not apply after a fatality since the individual can no longer earn income. Medical and Rehabilitation Expenses focus on covering costs related to medical treatment and rehabilitation for those injured in an accident, thus being irrelevant in the case of death. Pain and Suffering Benefits address compensation for the emotional and physical distress experienced by an injured party, but again, these would not apply in a scenario involving a fatal outcome. Therefore, Death Benefits are the correct and relevant compensation type in this situation.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy