1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
wlad13 [49]
3 years ago
8

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

Advanced Placement (AP)
2 answers:
Artemon [7]3 years ago
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
Which of the following is a hazardous risk associated with excavations?
Arada [10]
I would have to say A. All answer choices are hazardous risks
7 0
3 years ago
Read 2 more answers
In the chart below, enter the results of each person’s 1040. Specifically, are they going to receive a refund or owe taxes? In
snow_lady [41]

Answer:

yez

Explanation:

8 0
2 years ago
Select the sentence that has the adjectives in the correct order.
AnnyKZ [126]
Letter C sounds the best to me!
3 0
2 years ago
Read 2 more answers
What is the first step when you are in the market to buy a home?
ivanzaharov [21]
Within the first 12 moths check your credit score,determine how much you can afford then make a down payment.
3 0
3 years ago
It is not good for farmers to kill snakes. give reason​
Irina-Kira [14]
It’s not good because the snakes kill rodent the might eat or destroy the livestock
4 0
2 years ago
Other questions:
  • Which has a sticky texture?
    9·1 answer
  • The world's largest hydroelectric power plant is 22.5 gigawatt (GW) three Gorges Dam in China. It produces about 90THe of electr
    9·1 answer
  • According to Galileo, why does a sled gliding along an icy surface eventually stop?
    6·2 answers
  • In addition to not parking where signs prohibit it, you should never park_______. A. On a side walk B. Blocking a driveway C. Wi
    14·2 answers
  • I need help understanding and working this out
    6·1 answer
  • US District Courts serve as the “finders of fact”. What does this mean?
    8·1 answer
  • For today’s managers, opportunities are greater because
    8·1 answer
  • The distribution of scarce resources and rewards is determined on the basis of achieved statuses in which system?
    15·2 answers
  • Which of the following best explains how the ideas
    11·1 answer
  • I have a psychology paper to write. The question is how "psychology relates to the work place". any advice on the answer?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!