Insurance

What is the definition of premium?

The basic purpose of insurance is to provide

If two people are invited to invest and become partners in a business, the business owners will then___ the risk

Under which circumstance would someone need disability insurance?

Which is always a cost when buying insurance?

After he bought a new car, Nelson purchased car insurance. He must pay $75 each month for the plan.Later that month, Nelson caused a car accident when he lost control of his vehicle. He was required to pay the first $500 of his repair costs, and then the insurance company covered the rest. Read the passage about Nelson's car insurance. What is the $75 payment Nelson must make each month?

Most people prefer to pay health insurance premiums rather than pay out-of-pocket for medical expenses because

Maria's family has a health insurance plan. Her mother has $350 deducted from her paychecks each month.When Maria visited the doctor, her mother paid a $25 fee. The insurance company covered the rest of the cost of the visit.When Maria's mother went to the hospital, her family was responsible for paying the first $1,000 of the bill. After this payment, the insurance company covered the rest of the costs. Read the passage about a family health insurance plan. What is the $25 fee Maria's mother paid when Maria visited the doctor?

When an insurance company needs to provide a payout, the money is removed from

In what circumstance would a property insurance claim be rejected?