How do insurance companies determine how much you should pay for your insurance coverage?

2 answers:

5 0

It's calculated based on your credit score, your accident history, and your insurance history. When you apply for auto insurance, insurers will calculate your rates based on a number of factors — including your age, ZIP code and the make and model of your car.

Gnesinka [82]3 years ago

3 0

Answer:

After you provide the insurance company with documentation of your expenses related to the accident and a claims adjuster has assessed your vehicle, the insurance company will determine how much money they will pay. This amount is determined by the strength of your liability claim and the extent of your damages.

Explanation:

You might be interested in

you are moving across town. doing your research, you find that the average rate of a moving company is $250 per hour for a movin

iragen [17]

Based on the information given, the marginal cost of the price that should be paid is $250 per hour.

This is an incomplete information. From the complete information, the number of moving crew will be gotten where the marginal cost is equal to the marginal benefit and this will be at the 4th hour. Therefore, the marginal cost and benefit equal $250.

Therefore, one should hire movers for 4 hours. Therefore, based on the information given, the consumer surplus will be:

= $600 + $370 + $250

= $1220

In conclusion, the total consumer surplus for hiring a crew for 4 hours will be $1220.

Read related link on:

brainly.com/question/3200587

8 0

3 years ago

Participating in extracurricular activities in high school helps:

Natalka [10]

D. strengthen your college applications

5 0

3 years ago

Read 2 more answers

Using the word homes to remember the Great Lake is an example of

irakobra [83]

It is called a acronym.

H - Heron
O - Ontario
M- Michigan
E - Erie
S - Superior

5 0

3 years ago

In 2006, 86% of U.S. households had cable TV. Choose 3 households at

Tamiku [17]

A. None of the 3 households had cable TV b. All 3 househ

7 0

3 years ago

Your automatic payment option pays bills of $23. 17, $55. 67, $2,345. 15, $575. 25 and $1. 15. How much was the mean payment?.

Mamont248 [21]

The mean of a set of numbers is the sum divided by the number of terms.

23.17+55.67+2345.15+575.25+1.15= 3000.9

3000.9/5= 600.078

round to $600.08 because money one goes to hundredth

3 0

3 years ago