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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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Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,700 client-visits, but
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Answer:

The correct answer is $814 Unfavorable because actual medical supplies is more than standard.

Explanation:

Actual Medical Supplies                                         $26,768

Standard Medical Supplies for Actual Activity            $25,954

(6.60*3,690+1,600)

Medical Supplies Spending Variance                          814 Unfavorable

Therefore, The correct answer is $814 Unfavorable because actual medical supplies is more than standard.

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3 years ago
An industry comprised of four firms, each with about 25 percent of the total market for a product is an example of:
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Equal investment, equal value.
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3 years ago
Wanting to finalize a sale before year-end, on December 29, WR Outfitters sold to Bob a warehouse and the land for $215,000. The
Rudiy27

Answer:

a. $135,845.77

b. $79,154.23

Explanation:

The computation of the basis is shown below:

a. For Land

= Total value of the property × land appraised value ÷ Total appraisal value

= $215,000 × $158,750 ÷ $251,250

= $135,845.77

b. For warehouse

= Total value of the property × warehouse appraised value ÷ Total appraisal value

= $215,000 × $92,500 ÷ $251,250

= $79,154.23

The total appraisal value is

= $92,500 + $158,750

= $251,250

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Answer:

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  • As an area of global marketing deals with the setting up of strategies for the development of marketing plans for the company. By adjusting the strategies that are well suited to other countries form a global point of view.
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