Homework Answers
1.
B
It is the travel isurance that will provide the coverage in the given scenario.
2.
A
Issues related to hearth attack will be covered under health insurance.
3.
C
Health insurance will be used to cover the injuries due to falling.
4.
B
It is the homeowners experience that provides protection to the assets at home.
5.
B
Add Answer to:
Automobile innce Automobile inurance Which of the tollowing insurance policies would be most kely to cover...
Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered...
Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $5,300 worth of jewelry and $6,600 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance?
(3) An insurance agency sells automobile insurance policies. Suppose claims on the policies are approximately Normal...
(3) An insurance agency sells automobile insurance policies. Suppose claims on the policies are approximately Normal with a mean of $5000 and a standard deviation of $1000. The agency sells n-100 of the policies for the coming year, consider the sample mean claim X10o of the 100 policies. (a) What is the probability an individual loss exceeds $6000? (b) What is the probability X100 exceeds $6000? (c) What is the probability X100 falls between $4900 and $$100?
What policies should be implemented now that you know that Mrs. Gonzales’s secondary insurance will not cover her copaym...
What policies should be implemented now that you know that Mrs. Gonzales’s secondary insurance will not cover her copayments until her high yearly deductible is met?
Most homeowner's insurance does not cover flood damage. O True False
Most homeowner's insurance does not cover flood damage. O True False
Answer questions 23 and 24 based on the following: The mean annual cost of automobile insurance...
Answer questions 23 and 24 based on the following: The mean annual cost of automobile insurance is $939. The standard deviation is $300. You have been asked to compute the probability that a simple random sample of automobile insurance policies of size 100 will have a sample mean within $30 of the population mean. 23. Compute the standard deviation of the population. (a) $300 (b) $3 (c) $1.73 (d) $5.48 (e) $30 24. Compute the probability that a simple random...
55. The earliest form of insurance was insurance. (a) life (b) health (c) automobile (d) property...
55. The earliest form of insurance was insurance. (a) life (b) health (c) automobile (d) property and casualty 56. The problem of occurs when those most likely to get large insurance payoffs are the ones who want to purchase insurance the most. (a) asymmetric information (b) moral hazard (c) adverse selection (d) fraudulent behavior 57. To prevent adverse selection, health and life insurance companies may do all the following except (a) charge higher premiums to people with certain pre- existing...
In automobile collision insurance and health insurance, the policy usually has a provision calling for a deductible according to which the portion of any insured loss up to some fixed limit is pa...
In automobile collision insurance and health insurance, the policy usually has a provision calling for a deductible according to which the portion of any insured loss up to some fixed limit is payed for by the insured person; only the excess is paid by the insurance company. In addition, health insurance policies often provide for co-payments by the insured so that even after the deductible is met, the insured pays some fraction or fixed amount of the medical costs until...
Which of the following reasons explains why life insurance policies are not cancellable by the insurer,...
Which of the following reasons explains why life insurance policies are not cancellable by the insurer, although property insurance policies are? Property insurance policies are subject to some problems with intentional losses since destroyed property can be converted to cash and spent by the insured O B Life insurance policies represent policies with a long life and heavy early year expenses that must be paid by the insured Society feels that people need to be able to depend on their...
Part 1 - Becky Fenton has 45/90/50 automobile insurance coverage. If two other people are awarded...
Part 1 - Becky Fenton has 45/90/50 automobile insurance coverage. If two other people are awarded $85,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cover? Part 2 - Kurt Simmons has 65/120/20 auto insurance coverage. One evening, he lost control of his vehicle, hitting a parked car and damaging a storefront along the street. Damage to the parked car was $7,100, and damage to the...
Most home insurance policies cover jewelry for $1,000 and silverware for $2,500 unless items are covered with additional insurance. If $5,300 worth of jewelry and $6,600 worth of silverware were stolen from a family, what amount of the claim would not be covered by insurance?
(3) An insurance agency sells automobile insurance policies. Suppose claims on the policies are approximately Normal with a mean of $5000 and a standard deviation of $1000. The agency sells n-100 of the policies for the coming year, consider the sample mean claim X10o of the 100 policies. (a) What is the probability an individual loss exceeds $6000? (b) What is the probability X100 exceeds $6000? (c) What is the probability X100 falls between $4900 and $$100?
Most homeowner's insurance does not cover flood damage. O True False
55. The earliest form of insurance was insurance. (a) life (b) health (c) automobile (d) property and casualty 56. The problem of occurs when those most likely to get large insurance payoffs are the ones who want to purchase insurance the most. (a) asymmetric information (b) moral hazard (c) adverse selection (d) fraudulent behavior 57. To prevent adverse selection, health and life insurance companies may do all the following except (a) charge higher premiums to people with certain pre- existing...
In automobile collision insurance and health insurance, the policy usually has a provision calling for a deductible according to which the portion of any insured loss up to some fixed limit is payed for by the insured person; only the excess is paid by the insurance company. In addition, health insurance policies often provide for co-payments by the insured so that even after the deductible is met, the insured pays some fraction or fixed amount of the medical costs until...
Which of the following reasons explains why life insurance policies are not cancellable by the insurer, although property insurance policies are? Property insurance policies are subject to some problems with intentional losses since destroyed property can be converted to cash and spent by the insured O B Life insurance policies represent policies with a long life and heavy early year expenses that must be paid by the insured Society feels that people need to be able to depend on their...
Most questions answered within 3 hours.
-
Which of the following is a provision of
NAFTA?
A.
Common accounting rules
B.
Adding new...
asked 6 minutes ago -
Need to do in Python? Can do in Javascript but not in Python
Write a function...
asked 21 minutes ago -
Industry: Telecommunications in India
Here, you need to discuss the sources of the growth pattern
and...
asked 1 hour ago -
Hydrobromic acid
dissolves solid iron according to the followiaung reaction:
Fe(s)+2HBr(aq)→
FeBr2(aq)+ H2(g)
Part A. What...
asked 3 hours ago -
Verify the following vector identity in SPHERICAL
COORDINATES.
div(curl(A)) = 0
asked 5 hours ago -
The work function (Φ) for a metal is 7.50×10-19 J.
What is the longest wavelength (nm)...
asked 5 hours ago -
1. Would the following procedural changes cause the
calculated mass percent Ni2+ ion in Ni(NH3)nCl2 to...
asked 7 hours ago -
1. Why does the voltage of the capacitor vary with frequency?
where does this missing voltage...
asked 8 hours ago -
p p please write each step out clearly
3. A manager of a company is considering...
asked 7 hours ago -
On October 1, Ebony Ernst organized Ernst Consulting; on October
3, the owner contributed $83,540 in...
asked 8 hours ago -
A.)As an electron moves through a region of space, its speed
decreases from 9.60 × 106...
asked 8 hours ago -
In java with the netbeans program do:
Through object programming
Create a class "ContadorP", which is...
asked 8 hours ago