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elena-s [515]
2 years ago
13

How does a deductible affect insurance?

Business
1 answer:
Alex73 [517]2 years ago
6 0

The deductible is the amount a person must pay before their insurance will start to pay. For instance, say you have a $1,000 deductible on your car and you have a wreck that causes $3,000 worth of damage. the driver would have to pay the $1,000 first and then the insurance will help cover the other $2,000 at the rate the policy stipulates.

As for pricing, the insurance policies with higher deductibles (meaning the subscriber pays more for losses), the insurance premium would be cheaper than those policies with a smaller deductible.

You might be interested in
How can a renter reduce the amount of money he or she spends on monthly
DIA [1.3K]

Answer:

Option C.

Explanation:

From the options given above, the correct way a renter can reduce their rent it to get a roommate or roommate. Getting just one roommate can help to reduce your basic living expenses by 30%.

This is achievable because various costs like rent, utilities, and even groceries can be shared among the roommates.

The only downside to this method is the lack of privacy that comes with having roommates. But in general, having roommates is a sure way for renters to spend less, or live in a nicer location.

4 0
3 years ago
A broker is an agent who:A. Trades on the floor of an exchange for himself or herself.B. Buys and sells from inventory.C. Offers
Viefleur [7K]

Answer:

D. brings buyers and sellers together

Explanation:

6 0
2 years ago
When Julie describes calculating the average number of cookies sold in​ February, she is describing an example of obtaining​ ___
IRINA_888 [86]
Information and Data
3 0
3 years ago
Marginal revenue for a monopolist is computed asa.average revenue times quantity divided by price.b.total revenue divided by qua
aksik [14]

Statement that explains Marginal revenue and it can be computed for a monopolist is C:sold.c.change in total revenue per one unit increase in quantity sold.

  • Marginal revenue  can be regarded as central concept in microeconomics which focus on additional total revenue that us been gotten by increasing product sales by 1 unit.

  • In monopolist,it can be computed by change in total revenue with respect to a unit increase that is been sold.

Therefore, option C is correct.

Learn more

brainly.com/question/25404320?referrer=searchResults

7 0
2 years ago
Evergreen Building, Inc. has declared a $40,000 cash dividend to shareholders. The company has 5,000 shares of $20-par, 6% prefe
FromTheMoon [43]

Answer:

Preferred dividends = $16500

Common dividends = $23500

Explanation:

given data

cash dividend = $40,000

share 5000 = $20 par

preferred stock = 6%

share = 10000

common stock = $15

preferred stock = $12,000

to find out

preferred and common stockholders

solution

Preferred stock dividends = 5000 × $15 × 6%

Preferred stock dividends = $4500

and

Preferred dividends = $4500 + $12000

Preferred dividends = $16500

and

Common dividends = $40,000 - $16500

Common dividends = $23500

8 0
2 years ago
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