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A: Automobile Insurance: When you get auto insurance, you enter into a contract with the insurance…
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Q: Why do insurance companies offer discounts on new houses opposed to old ones?
A: Insurance companies offer discounts on new houses opposed to old one because:
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A: Advantages of becoming a franchisee are as follows: • Franchisees can enjoy the independence of…
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A: The insurance company will generally end up losing a lot of money. If an insurance company takes an…
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A: Car insurance helps the people to protect from the financial losses. The person provide the…
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Q: Describe how an unrelated tenant in common or joint tenant should protect him- or herself from…
A: Please find the answer to the above question below:
Q: Explain the differences between actual cash value (ACV) and replacement cost for homeowner’s…
A: The difference between actual cash value coverage and replacement cost coverage is the depreciation.…
Q: Which of the following wouldn’t save you money on your auto insurance premium? * a. Decrease your…
A: The ways where insurance premium can be saved 1. Bundling the insurance with other policies 2.…
Q: In the early 1990s, New Jersey and Pennsylvania reformed their automobile insurance systems so that…
A: As explicit within the question New Jersey adopted no fault approach to insurance of automobile as…
Q: A small insurance company is known for providing automobile insurance but also provides homeowner's…
A: Insurance is a technique that families and firms use to keep any single occasion from having a…
Q: Why would a life insurance company be concernedabout the financial stability of major corporations…
A: SOLUTION:- A life insurance company source of funds comes from premium it collects from policies…
Q: Why are sellers willing to pay a commission to a broker to facilitate the sale of their property?
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: The main purpose of buying insurance is to have financial protection in case of a loss. O eliminate…
A: The answer for main purpose of buying insurance is to have financial protection in case of loss.…
Q: Which of the following statements is NOT correct? A. A caravan is an asset for its owner. B.…
A: Analysis of the options given: A: A caravan is an asset for its owner - NOT CORRECT Caravan is a…
Q: In case of life insurance policies with profits, policy holders are given the right to participate…
A: Answer
Q: What are the advantages and disadvantages of becoming a franchisee? Should a person considering…
A: Franchise: Franchise is a type of business organization in which the owner (franchisor) grants legal…
Q: True or False: Car companies often offer zero- or low-percent loans to people who qualify in order…
A: Loan and finance are offered by the banks and Non banking financial institutions.
Q: Name a peril that is often excluded from an home or auto insurance policy. Why is the peril…
A: Peril means an event causing fire or theft or damage to assets like home, auto mobiles etc Peril…
Q: Insurance premiums are very high for young drivers largely due to the fact that young drivers get…
A: Insurance The risk is transferred from the individual to a third party company. When an accident…
Q: Name the coverage for auto insurance "Pays for damage or loss of your car if you are in accident." O…
A: The answer and explanation can be seen below:
Q: Which of the following is not one of the factors that affects automobile insurance premiums?
A: Automobile insurance is most common types of insurance. All factors related to vehicle will affect…
Q: What are the three major classes of loss associated with the ownership or operation of an…
A: Automobile insurance is a contract between the insurer and the insurance company that protects one…
Q: hat may a person lose in addition to the goods if she or he fails to keep up the payments on a…
A: A loan is referred as the amount provided to one party to another where the principal amount with…
Q: credit reports
A: A credit report is a report that contains detailed information about the individual's credit…
Q: Name the coverage for auto insurance. Covers the costs of lawsuits if someone is injured or killed…
A: Whether you buy or lease a vehicle, it's vital to protect your investment. If you are in an…
Q: A Personal Liability Umbrella isn't required for most people, but certainly can be valuable. At what…
A: Insurance is a policy or in other words is a contract in which the insurance company promises to…
Q: How does renter’s insurance differ from other home insurance policies?
A: Insurance is a contract between the company and the individual for protecting the specific assets…
Q: Do risk influence people to go for insurance? What is the relationship between risk and insurance?
A: Yes, risk influences people to go for insurance. Several kinds of risks influence a person to get…
Q: Which of the following is correct about the effect of a deductible with respect to the price of an…
A: Insurance is an agreement or a contract between two parties. An insurance contract states that one…
Q: STATE: Which of the following statements regarding homeowner's irsurance is true A. The listing…
A: Homeowner's insurance policy is the insurance policy for your home. It generally covers any…
Q: Which is not a factor that will usually affect your auto insurance premium?
A: The amount of money paid for the insurance policy taken is called the insurance premium. It is the…
Q: Discuss the need for automobile insurance as means of protecting the yourself and the public in the…
A: Automobile insurance is an insurance contract that mitigates the risk for the car owner in case of…
Explain why insurance companies charge a higher premium for car insurance sold to a youthful operator. Do you think this is fair?
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- What is the economic rationale for compulsory auto insurance? Suppose motor insurance coverage was not compulsory. What measures will you propose so that people will be motivated to drive safely?What actions can a person take to reduce the cost of automobile insurance?Why do you believe auto insurance companies provide premium relief?
- Why do you think a speeding ticket or DUI would increase your insurance rate?Which of the following is not one of the factors that affects automobile insurance premiums? O How much you drive O Number of ciaims O vehicle use O Employment statusWhich of the following wouldn’t save you money on your auto insurance premium? *a. Decrease your deductibleb. Reduce or eliminate optional insurance on an older vehiclec. Bundle your insurance with other policiesd. Maintain a good credit history
- Briefly explain the factors that are considered in determining the premium for automobile liability insurance. What additional factors are considered in the rating of comprehensive and collision coverages? What factors apply in the case of youthful drivers that are not considered in the case of other drivers? [Briefly explain the factors that are considered in determining the premium for automobile liability insurance. What additional factors are considered in the rating of comprehensive and collision coverage? What factors apply in the case of youthful drivers that are not considered in the case of other drivers?Which of the following people is to have the highest auto insurance premium?