Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 27, 2023

If an insured has a loss of $10366.39 from a car accident and their deductible is $500 with a coverage limit of $5,000, what will

If an insured has a loss of $10366.39 from a car accident and their deductible is $500 with a coverage limit of $5,000, what will be the amount paid by the insured for the loss?

Step by Step Solution

★★★★★

3.41 Rating (167 Votes )

There are 3 Steps involved in it

Step: 1

Determine the deductible The deductible is the amount the insured is responsible for paying before t... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Thomas Garman, Raymond Forgue

12th edition

9781305176409, 1133595839, 1305176405, 978-1133595830

More Books

Students also viewed these Accounting questions

Question

★★★★★

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...

Answered: 1 week ago

Question

★★★★★

1. Hannah is applying for a life policy on her girlfriend Sarahs life. The policy is $500,000 and carries a large premium. Hannah is the main earner, so she is concerned about not being able to pay...

Answered: 1 week ago

Question

★★★★★

1. After reviewing her personal automobile policy, Bronwyn realized that she had $75,000 of single-limit, Part A coverage; $15,000 of Part B coverage; $75,000 of Part C coverage; and "full" Part D...

Answered: 1 week ago

Question

★★★★★

Several factors can impact the structural soundness of 3D-printed objects, including the struts that connect various pieces. The following data appears in the article Analyzing the Effects of...

Answered: 1 week ago

Question

★★★★★

(a) Suppose you imbedded some free charge in a piece of glass. About how long would it take for the charge to flow to the surface? (b) Silver is an excellent conductor, but it's expensive. Suppose...

Answered: 1 week ago

Question

★★★★★

=+17-8 Describe JIT purchasing and its benefits.

Answered: 1 week ago

Question

★★★★★

In your opinion, do any of the common thought distortions that Aaron Beck and his followers defined seem to predispose individuals to particular types of psychological problems (e.g., anxiety,...

Answered: 1 week ago

Question

★★★★★

Latesha, a single taxpayer, had the following income and deductions for the tax year 2015: a. Compute Lateshas taxable income and federal tax liability for 2015 (round to dollars). b. Compute...

Answered: 1 week ago

Question

★★★★★

\ Physical asset markets are markets are for\ Question 8 options:\ \ a) \ \ standarized contracts traded on organized exchanges.\ \ \ b) \ \ assets that do not mature within a year.\ \ \ c) \ \...

Answered: 1 week ago

Question

★★★★★

A2 percent increase in the price of milk causes a 4 percent reduction in the quantity demanded of chocolate syrup. What is the cross-price elasticity of demand for chocolate syrup with respect to the...

Answered: 1 week ago

Question

★★★★★

steps in making a plan in making a policy in an organisation

Answered: 1 week ago

Question

★★★★★

An investor wants to purchase a stock that sells for $48. What is the value of a one-year put option to buy the stock at $45, if debt currently yields 8% and the standard deviation of stock returns...

Answered: 1 week ago

Question

★★★★★

Feminist Ethics examines various systems and institutions to look at ways that they have unfairly distributed power. Choose TWO out of the following institutions and give and explain a way that each...

Answered: 1 week ago

Question

★★★★★

The following expression gives what polynomial? Where I is the identity matrix, A is given as, 11-3 A = [ 03 118] ] |sl-A| = ? B = = [2] C = [10] D = [0]

Answered: 1 week ago

Question

★★★★★

King, Ryan and Kenjie are owners in their individual business, after they reunite and discussing about their individual business they are thinking of combining it into one partnership on March 1,...

Answered: 1 week ago

Question

★★★★★

CoursHeroTranscribedText Problem 216: The partial derivatives are = r (ar + brs + cs) e s + s r and = as (dr + ers + fs) e s + sr where a = b = C= d = e = f =

Answered: 1 week ago

Question

★★★★★

What are the three parts of a response message? HTTP headers, blank line, and body Encoding, body, and cache Bookmarks, history, and security Start or status line, header, and body

Answered: 1 week ago

Question

★★★★★

Complete the following acid-base reactions: (a) HCCH + NaH

Answered: 1 week ago

Question

★★★★★

(a) Was Christopher within his rights to take the car back for repairs? Explain why or why not. (b) What logical steps might Christopher follow if he continues to be dissatisfied with the dealers...

Answered: 1 week ago

Question

★★★★★

(a) Should Lauren be concerned about these clauses? Why or why not? (b) Considering the rule of 78s clause, what will happen if Lauren pays off the loan before the regular due date? (c) If Lauren had...

Answered: 1 week ago

Question

★★★★★

1. What counsel can you offer long-term investors who are hesitant to invest in stocks and bonds in todays economy? 2. Make a list of the plusses and minuses of investing in either common stock or...

Answered: 1 week ago

Question

★★★★★

Rose purchased units of the Trimark Fund one year ago at $24.10 per unit. Today they are valued at $25.50. On the intervening December 31, there was a distribution of $0.83 per unit. (Distribution is...

Answered: 1 week ago

Question

★★★★★

A life insurance company pays investors 5% compounded annually on its five-year GICs. For you to be indifferent as to which compounding option you choose, what would the nominal rates have to be on...

Answered: 1 week ago

Question

★★★★★

A credit union pays 5.25% compounded annually on five-year compound-interest GICs. It wants to set the rates on its semiannually and monthly compounded GICs of the same maturity so that investors...

Answered: 1 week ago

Previous Question Next Question