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Lera25 [3.4K]
3 years ago
15

What is duplicate coverage and why should I avoid it

Business
2 answers:
Inessa05 [86]3 years ago
6 0

Answer:

Duplicate coverage is having more than one insurance policy (from different companies) that covers an event, e.g. to have two auto insurance policies and file a claim on both of them regarding the same accident.

Explanation:

If you are paying two distinct policies, you are just paying for redundant coverage. Only one insurance company will pay for a claim not both of them, since you are not allowed to make claims with two insurance companies at the same time.

VARVARA [1.3K]3 years ago
4 0
<span>Insurance companies have always been very concerned about the problem of a policyholder having duplicate coverage with more than one insurance company with the result that you make a profit from the claims you submit to more than one insurance company for the same expenses.</span>
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Select all that apply budget reports are commonly prepared for:_____.
steposvetlana [31]

Budget reports are generally prepared for a quarter.

Given an incomplete sentence related to the timings of budget reports.

We are required to fill the timing or frequencies given in the options so that the sentence gives an appropriate meaning.

A budgeting report is basically a report managers use that lists the previously estimated budget projections over a certain period.Budget reports are basically the financial goals leadership comes up with based on informed financial projections. Since they are  typically estimations, these budget reports almost always differ from the final financial results, sometimes drastically. Quarter is basically a collection of three months.

Hence it can be concluded that budget reports are generally prepared for a quarter.

Learn more about budget  at brainly.com/question/13964173

#SPJ4

7 0
2 years ago
Blaine bought 4 pairs of pants and 2 shirts at a department store in California. Each pair of pants cost $25.85 and each shirt c
Mazyrski [523]

Answer:

$57.11

Explanation:

$25.85 × 4 = $103.40

$15.70 × 2 = $31.40

Total cost of purchase = $134.80

6% tax = 0.06 × $134.80 = $8.09

Total cost of purchase including tax = $142.89

Change received by Blaine = $200 - $142.89 = $57.11

I hope my answer helps you

3 0
3 years ago
The budgeting process that involves adding a month to the end of the budget period at the end of each month, thus maintaining a
In-s [12.5K]

Answer:

b. continuous budgeting

Explanation:

Continuous budgeting (sometimes referred to as rolling budgeting) involves continually adding an additional month to the end of a multi-period budget as each month goes by.

The continuous budgeting concept is usually applied to a twelve-month budget, so there is always a full year budget in place.

4 0
3 years ago
When demand for a product changes because of its price, this product is said to be elastic.
IgorC [24]

Answer:

When PED is greater than one, demand is elastic. This can be interpreted as consumers being very sensitive to changes in price: a 1% increase in price will lead to a drop in quantity demanded of more than 1%. When PED is less than one, demand is inelastic.

so it is true

Explanation:

4 0
4 years ago
Read 2 more answers
If a consumer chooses not to perceive they are reaching ________.
Yuliya22 [10]
Quality value price reach consumer goods
8 0
3 years ago
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