What should you expect to get from your insurance company in exchange for your premium?

Answers

Answer 1

Answer:

see below

Explanation:

Premiums are the regular payments the insured pays to the insurance company for insurance coverage. By paying premiums, the insurance company agrees to compensate the insured for any financial loss resulting from the risk covered by the insurance contract.

Premiums are the cost of insurance.  The customer pays premiums while the insurances undertake the risk stated in the policy documents. Should the customer suffer damages, injuries, or financial loss, the insurance companies compensate the customer as per the terms stated in the insurance contract.


Related Questions

Select the correct answer.
Which legislation is the most recent piece of consumer protection legislation?
Consumer Bill of Rights
Fair Credit Reporting Act
Dodd-Frank Wall Street Reform and Consumer Protection Act
Credit CARD Act

Answers

Answer:

Consumer Bill of Rights

Explanation:

Select two answers
Marcus is applying for a job as a guidance counselor at a high school. Which two details should he include in his résumé?

A. his ethnicity
B. his counselor certification
C. his country of origin
D. his years of teaching experience
E. his age

Answers

B.) his counselor certification

D.) His years of teaching experience
B and d! Have a good day and good luck

Employee benefits
(A) can be worth a great deal of money.
(B) include the salary that an employee is paid.
(C) should never be considered when trying to decide whether to accept a job.
(D) all of these

Answers

Answer:

(D) all of these

Explanation:

Employers offer attractive benefits to attract and retain the best talents in the industry.  Employee benefits are offered over and above wages and salaries. They are also called fringe benefits or perks and include Medical insurance coverage, bonuses, overtime, and retirement benefits.

Employees are encouraged to compare the different benefits that employers offer before accepting a Job. Benefits are not standardized and may be costly to employers. Employees should analyze them carefully to select the employer providing the best.

Which of the following three situations is least likely to occur at the same time as the other two situations? Why?
1) Real GDP is less than potential GDP.
2) An economy in a strong, 5-year expansion.
3) An unemployment rate above the natural rate of unemployment.

Answers

Answer: I'm going to take a guess and say 1 and 3.

Explanation: Just taking a guess.

explain the difference between a peer to peer LAN server-based LAN

Answers

Answer:

In Client-Server Network, Centralized server is used to store the data. While in Peer-to-Peer Network, Each peer has its own data. ... In Client-Server Network, Server respond the services which is request by Client. While in Peer-to-Peer Network, Each and every node can do both request and respond for the services.

Tim is the accountant of a trading firm. Two years ago, the company bought a commercial van that had a value of $10,000. The van’s current market price is $8,500. However, Tim continues to value it at the original cost. Which principle guides his action?

Answers

Answer:

B. historical cost

Explanation:

According to the historical cost principle, the assets should be valued at purchased cost whether the market value is more or less

Since in the question, it is mentioned that the Tim continues the commercial van value at the purchased cost only even the market price is available

So this represents the historical cost principle

Hence, the correct option is b,

Jaiden is in 6th grade and plans to attend college. He has created a college preparation plan.

1. He will fill out the FAFSA form and send it in immediately.

2. He will ask his parents if they have a college savings account.

3. When he gets to high school, he will start trying harder in school so he can qualify for academic scholarships.

4. During his last year of high school, he will get involved in sports and clubs he enjoys to qualify for scholarships.

5. Upon graduation, he will start saving money for college.


Which statements identify errors in Jaiden’s plan? Check all that apply.

Answers

Answer:

-He should wait until his last year in high school to fill out the FAFSA.

-He should start saving right away. It is never too early to start a savings account.

-He should work hard throughout middle school and high school or it might be too difficult for him to excel later, since bad habits are hard to break.

-He should try different sports and clubs in middle school and early high school. Then he should pick his favorites and invest more time in them.

Explanation:

Explain how the amount of your deductible is likely to affect the amount of your premium.

Answers

Answer:

See below

Explanation:

A deductible is an amount you upfront to a health insurance provider before insurance coverage can begin. The insurance company will not pay for health care services before the deductible is paid.

There is an indirect relationship between the amount of deductible paid and the premiums to be paid. When the deductible amount is high, the insurance premiums are low.

If the insurance policy has a low deductible requirement, the insurance premiums will be high.

Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.

Answers

Answer:

The net present value (NPV) of the decision to grant credit is $2,938,157.89.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.

Calculate the NPV of the decision to grant credit.

The explanation of the answer is now given as follows:

Number of new orders = 125 units

Percentage of repeat order = 30%

Number of order that will be repeated forever = Number of new orders * Percentage of repeat order = 125 * 30% = 37.50 units

Credit price per unit = $11,100

Variable cost per unit = $9,700

Contribution margin per unit = Credit price per unit - Variable cost per unit = $11,100 - $9,700 = $1,400

Total contribution for all new order = Number of new orders * Contribution margin per unit = 125 * $1,400 = $175,000

Total contribution margin for order that will be repeated forever = Contribution margin per unit * Number of order that will be repeated forever = $1,400 * 37.50 = $52,500

Net present value (NPV) of total contribution margin for order that will be repeated forever = Total contribution margin for repeated order forever / Required return = $52,500 / 1.9% = 2,763,157.89

Net present value (NPV) of the decision to grant credit = Total contribution for all new order + NPV of total contribution margin for order that will be repeated forever = $175,000 + 2,763,157.89 = $2,938,157.89

Therefore, the net present value (NPV) of the decision to grant credit is $2,938,157.89.

How can interest rate fluctuations impact a nation's economy?

Higher interest rates tend to attract foreign investors.


Lower interest rates limit credit availability for residents of a country.


Higher interest rates trigger intervention from the WTO and IMF.


Lower interest rates raise the value of a country's currency.

Answers

Answer:

A. Higher interest rates tend to attract foreign visitors.

Explanation:

I just took the test.

What is the purpose of a bank?
A financial investigator
A financial tracker
A financial intermediary
A financial advisor

Answers

Financial advisor would be your answer

Sorry to bother but i need someone to talk to me if your older than 15 don't bother to message thank,you❤

Answers

Answer:

Does 16 mean no too?

Explanation:

Read the stage direction: As the first of the mob reaches the bottom steps. The screen door opens and Goodman comes out, a man in his early forties who first greets them smiling and then letting the smile fade as he sees the faces. Based on the stage direction, what should the reader visualize? *


a group of people calmly approaching Goodman’s home
a group of confused people rushing to safety at Goodman’s home
a group of angry people approaching Goodman’s home
a group of people rushing to save Goodman from the outage

Answers

Answer:

C.

Explanation:

A group of angry people. L(-_-)\

                                                     \

Answer:c lol angry people

Explanation:

An investor whose highest priority is getting the largest gains possible, even if
it requires a lot of risk, would most likely invest in
O A. hedge funds
O B. bonds
O c. mutual funds
O D. savings accounts

Answers

Answer: A. Hedge funds

Explanation:

In the U.S., cash takes which two forms

Answers

its takes the form of paper money and coins

90 + 150 is what
a 140
b 240
c 350
d150​

Answers

Answer:

B 240

Explanation:

the answer is letter B 240

After reading about primary and support activities in a firm's value chain, discuss how managers can create value by establishing important relationships among the value-chain activities both within their firm and between the firm and its customers and suppliers.

Answers

Answer and Explanation:

It is very significant for the managers to develop an important relationship in the value chain activities as it develop a positive impact on the company also it improves the employees morale.

The better the communication is, the better is the quality of the goods at the lowest cost

In the case of the inbound logistics and the suppliers, it would lead to decrease in the cost of inventory and at the same time it improve the quality of the products

Also when the customers have interacted with the manufacturing company so it would build trust and in return the company wants the loyal customers that ultimately increased the goodwill of the company  

In what section of the mortgage broker dual agency disclosure does the broker indicate the number of mortgage lenders he or she uses?

Answers

Answer:

yrutbuliynil ubyurvoybbbbbbbbbgiuhjk cdfghjkbbbvbbbbbbbbbnm

Explanation:

The NASAA Statement of Policy on Dishonest or Unethical Business Practices of Broker-Dealers and Agents includes prohibitions against certain practices designed to manipulate market prices of securities. An activity that would fall within the spectrum of the prohibitions would be A) front running B) wash trades C) guaranteeing customers against loss D) churning customer accounts

Answers

Answer:

B) wash trades

Explanation:

In the case when the wash trades are performed so it consists the simultaneous or near-simultaneous i.e. selling and the repurchase of the similar security for the motive of producing the trading activity due to which price rise. This is the form of how the market manipulates. The other options i.e. given in the question is not considered the market manipulation

Therefore the option B is correct

Think of a successful business and research the founding of that business. What successes could you learn about from that business?

Answers

Answer:

Explanation:

There are many successful businesses that have risen from nothing. One business that stands out was the website X which is now known as Paypal. Looking at this business and many other successful ones I have learned that making a business successful relies on two main factors. Whether or not your product/service solves a real-life problem, and if you have your correct target audience. Getting both of these two factors correct almost guarantees that your business will be a success assuming you put in the effort.

With your bill paid off and starting back at $0, the latest video game comes out and costs $60. You put it on your credit card and can’t afford to pay the whole bill all at once, so you make the minimum payment each month.
How much is that minimum payment?

Answers

Answer: 5 dollars per year

When positive externalities are present in a market a. private benefits will be greater than social benefits. b. social benefits will be greater than private benefits. c. only government regulation will solve the problem. d. the market will not be able to generate an equilibrium.

Answers

Answer:

b. social benefits will be greater than private benefits

Explanation:

Positive externalities can be defined as those that produce positive effects for society in relation to the consumption of a good or service.

This is because the social benefit is the sum of the private benefit plus the sum of the external benefit.

An example of positive externality pertinent to the present is the fact that vaccinating people generates greater positive effects on society, because when vaccinating an individual there is less chance of having more people infected with some disease.

So it is correct to say that the social benefits will be greater than the private ones. Letter b.

Could someone help with the answer please

Answers

Answer:

Explanation idea generation

Answer:

Idea generation , i just did it

For what purpose was Jims' superior going to recommend his name to the ATSL? Jim has been working as a logistician with a company for the past 25 years. He is a very efficient worker and has helped the company tremendously during crises. Thus, his superior, who is a member of the ATSL, told him that he is going to recommend his name for the membership.

Answers

Answer:

The main purpose that Jim's superior is recommending Jim to the ATSL is to enable Jim to be admitted as a member of the association.

Explanation:

The reward for work well done, they say, is more work.  Jim has proved that he is professional, efficient, and trustworthy.  No wonder, his superior is taking the responsibility of gaining him membership admission into the ATSL, a prestigious association for professional logisticians.  This is what a superior does for his subordinate to encourage him or her to grow professionally and acquire more relevant and up-to-date skills that will ensure his career growth and success.

Okay, Daily Question!
My friend is telling her crush she likes him and she wanted me to come up with a ship-name? I made some suggestions but she didn't like any of them and she gave me a deadline of 3:00 to give her a 'good' one. Here are the names:
Nate/Nathan + Addy/Addison
Have any ideas?

Answers

Explanation:

Naddison

NA

Natson

Naddy

Price discrimination exists when a firm sells ________ goods at different prices to ________ groups of customers

Answers

The same
Different

Meaning it is discriminating against groups of people, with the same exact good.

The U.S. encourages domestic companies to export because _____________.
A.
It increases inflation.
B.
It increases the number of U.S. consumers who buy domestic products.
C.
It increases the value of a U.S. dollar.
D.
It improves the interest rate.


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer: C; Ot increases the value of a U.S dollar.

Explanation: Just did the quiz

Answer:

c

Explanation:

jus did the quiz edg 2020

Question 8
How much money will you need for retirement? Which answer is the most
correct answer?
My social security plus what I have put in a regular savings account will do
ОА.
it
OB. A good guidelines is 80% of your working income.
Three years income and the 25% I may receive from my company's
Oc.
pension plan
OD Enough money to last 20 year

Answers

Answer:

subject??

Explanation:

How do insurance companys make money?

Answers

Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets. Like all private businesses, insurance companies try to market effectively and minimize administrative costs

I need help I don’t have much time

Answers

Answer:

___the answer is true___

Answer:Yes.

And here's an additional answer to guide you.

There are nine major steps required to develop a well-crafted, strategic marketing plan: set your marketing goals, conduct a marketing audit, conduct market research, analyze the research, identify your target audience, determine a budget, develop specific marketing strategies, develop an implementation schedule for ...

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