All categories

3 years ago

Jan pays $70 each month for her auto insurance policy. This regular payment is called a:

2 answers:

5 0

The payment is called premium.

Premium payment refers to the specific amount of payment required periodically (monthly or yearly) by the insurer to provide coverage under a given insurance plans such as life insurance, auto insurance, and house insurance for a defined period of time. In Jan's case, he is required to pay monthly to cover the insurance for his car.

Afina-wow [57]3 years ago

4 0

The regular payment that Jan pays each month for her auto insurance policy is called <u>a premium</u>

If Jan wants to keep her car, she must pay her monthly premium. The insurance premium is the cost of Jan insurance.

<h2>Further Explanation</h2>

Premium payment is the amount of money that must be paid by an individual or business for an insurance policy.

Some of the insurance policies that premiums are paid for include

Home
Life
Auto
healthcare

The amount of money paid by the business or individual for an insurance policy becomes income for the insurance company once it is earned.

Your insurer will charge you a premium if you register for any insurance policy. It is the amount you must pay for the full cost of your insurance.

However, a person that owns insurance also known as the policyholder has many options to choose from as to how the insurance premium will be paid.

Some insurance company accepts policyholders to pay the cost of their insurance on installment (monthly or semi-annually) while some insurance company may choose to have the insurance premium in advance.

However, the cost of premium depends on many factors and these factors include

Your age
Your location
Type of coverage
Past insurance claim

LEARN MORE:

What is the annual insurance premium brainly.com/question/12122615
An insured forgets to pay his insurance premium brainly.com/question/4538169

KEYWORDS:

insurance policy
age
location
premium
jan

You might be interested in

Your ability to navigate from your residence to your campus and from building to building on your campus is part of your interna

aniked [119]

A. True because it's a map where you need to go and where things are so its your own mental map.

4 0

3 years ago

It dosent give me any choices but can anyone help me please. its very important.

harkovskaia [24]

I did some quick research, and your answer would be the Organisation for Economic Co-operation and Development. Hope this helps!<span>

</span>

4 0

3 years ago

ang unti-unting pagsasalin ng mga amerikano ng kapangyarihang namamahala sa sarili sa mga pilipino ay

Gekata [30.6K]

Answer:

advance placement o araling panlipunan

Explanation:

kakaiba yan kuya kim ano na

3 0

2 years ago

Read 2 more answers

Where did cities first emerge, and what was urban life like?

Romashka [77]

Urban cities emerged in Europe during the second industrial revolution when there was many new things introduced both good and bad urban areas would be very crowded as many people would move into urban cities due to the mass production of new technology an apartment of one room would consist of at least two families including grandparents. During this time many people would get sick because of how polluted cities would be which also suggests that people would move from rural areas to urban areas and Vice versa

8 0

2 years ago

How has globalization affected cultures around the world

alekssr [168]

Answer:

The major consequences of globalization have been: the transmogrification of traditional religions and belief systems; the beginning of the disintegration of the traditional social fabrics and shared norms by consumerism, cyber-culture, newfangled religions and changing work ethics and work rhythms; the fast spreading anomie forcing an ever increasing number of individuals to fall back upon the easily accessible pretentious religious banalities, and attributing to religion the creation and acceleration of extremist, fundamentalist and terrorist tendencies in the third world countries

Explanation:

Culture as a way of human life is constantly undergoing change. Certain developments in modem times have helped to accelerate this process of change in an exponential manner involving two major consequences: (a) reduction in cultural diversity; and (b) increasing hegemonic control in the name of free trade and freedom of communication, at all levels.

5 0

2 years ago

Read 2 more answers