All categories

3 years ago

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>

You might be interested in

Assume the plum corporation has two different issues of common stock. one issue carries voting rights, and the other issue does

Alchen [17]

Assume the Plum Corporation has two different issues of common stock. One issue carries voting rights, and the other issue does not. In this situation, Plum is said to have issued classified stock.

A legal entity is a form of legal entity that is also a separate legal entity from its owner. All companies are companies, but not all companies are necessarily companies. The standard answer today is that the purpose of a corporation is to benefit its shareholders. Scholars talk about the 'shareholder-first norm' and many talks about the role of corporate leaders as 'shareholders'. Wealth maximization”. Even seemingly selfless entrepreneurial actions B. charitable donations are considered legitimate.

Learn more about Corporation here

brainly.com/question/1918077

#SPJ4

6 0

2 years ago

Howat Corporation earned $360,000 during a period when it had an average of 100,000 shares of common stock outstanding. The comm

Lyrx [107]

Answer:

The answer is:

A. Yes

B. 3.6

C. 3.43

Explanation:

A. Yes, the warrants is dilutive because the average market price($15) is higher than option price($10).

B. Since there is no preferred shares or preferred dividends, the basic earnings per share is:

Net income ÷ weighted average shares

= $360,000 ÷ 100,000 shares

= 3.6

C. First we need to find the incremental shares. The formula is:

[(average market price - option price) ÷ average market price]x number of shares

[($15 - $10) ÷ $15] x 15,000 shares

$0.33333 * 15,000 shares

5,000 shares

Total number of shares is now 105,000shares(100,000 shares + 5,000)

Therefore, diluted shares is now

$360,000 ÷ 105,000 shares

3.43

6 0

3 years ago

In a system of 100-percent-reserve banking, a. banks do not accept deposits. b. banks can increase the money supply. c. banks do

zheka24 [161]

The correct option is C). banks do not influence the supply of money.

<h3>What is 100-percent-reserve banking?</h3>

100-percent-reserve banking, is a system of banking, in which banks only lend from time deposits instead of lending demand deposits.

In a system with 100 percent reserve banking, banks cannot make the loans and do not influence the supply of the money.

This system is also known as full-reserve banking.

Learn more about the 100-percent-reserve banking here:-

brainly.com/question/7295577

#SPJ1

8 0

2 years ago

The Constitution sets out the authority and the limits of the branches of the government.

kotegsom [21]

Answer:

The correct answer is c. each branch has some power to limit the actions of the others.

Explanation:

The separation of powers or division of powers is a political principle in some forms of government, in which the legislative, executive and judicial powers of the State are exercised by distinct, autonomous and independent organs of government. This is the fundamental quality that characterizes representative and presidential democracy.

Montesquieu argued that “every man who has power is inclined to abuse it; He goes until he finds limits. So that the power cannot be abused, it is necessary that, by the disposition of things, the power stops the power ».3 In this way, the vigilance of the three powers among themselves is entrusted as each one watches, controls and stops the excesses of others to prevent, by their own ambition, that some of them predominate over others. It can be contrasted with the fusion of powers and separation of functions in parliamentary systems, where the executive and the legislature are unified, because the legislature appoints the executive.

3 0

3 years ago

Signal mistakenly produced 1,000 defective cell phones. The phones cost $65 each to produce. A salvage company will buy the defe

Contact [7]

Answer:

It is more profitable to continue to rework the phones and sell them.

Explanation:

Giving the following information:

Signal mistakenly produced 1,000 defective cell phones.

<u>The $65 per phone is a sunk cost. It will remain on both decisions, therefore, we will not take into account to make the decision.</u>

Sell as it is:

Income= 33*1,000= $33,000

Rework:

Costs= 88*1,000= $88,000

Sales= 144*1,000= $144,000

Total gain= $56,000

It is more profitable to continue to rework the phones and sell them.

3 0

3 years ago