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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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7 0
3 years ago
First Financial Auto Loan Department wishes to know the payment required at the first of each month on a $10,500, 48-month, 11%
julia-pushkina [17]

Answer:

First Financial would divide the $10,500 loan by the present value of annuity due of 1.

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Explanation:

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7 0
3 years ago
What does it mean if the government runs out of money
melomori [17]

Debt ceiling crisis!

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8 0
2 years ago
What is the term that defines how recently a customer purchased items?
KatRina [158]
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6 0
3 years ago
If Patty Shoemaker estimates that her $400 weekly grocery bill will increase at an annual inflation rate of 5%, what should her
balu736 [363]

Answer:

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Explanation:

The computation of the weekly grocery bill in four years is shown below:

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We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0
3 years ago
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