Which of the following best describes how auto insurance companies manage risk

all insured

Which of the following insurance types will cover the possessions inside your home a?

Homeowners insurance covers your home as well as your possessions inside it, while renters insurance only covers the items in your home. Health insurance helps cover the cost of any medical expenses, including doctor visits, prescriptions, trips to the emergency room or stays in the hospital.

What is premium Everfi?

The premium is the amount you pay the insurance company for coverage. Premium payments may be due all at once or divided and paid on a regular basis, usually monthly. … The deductible is the amount you are personally required to pay “out-of-pocket” toward each claim before your insurance kicks in.

What can insurance protect you from Everfi?

How can insurance protect you from financial loss? Insurance can cover you or your property in case of an accident, theft, or another unpredictable event. Insurance can offer easy monthly payment options for premiums. Insurance can offer low co-insurance policies.

Which definition best describes an insurance premium?

An insurance premium is the amount of money an individual or business pays for an insurance policy. … It also represents a liability, as the insurer must provide coverage for claims being made against the policy.

What premium means?

Definition: Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.

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What does the W 2 form tell you Everfi quizlet?

What does the W-2 form tell you? How much you’ve earned and how much taxes you’ve paid in the last year. When to file your tax return. How often your employer will be paying you.

Which type of insurance will require you to pay the least out of pocket?

Insurance and TaxesQuestionChoicesAnswerIf you cause a car accident, which type of insurance will require you to pay the least out of pocket?A. High deductible plan. B. Low deductible plan. C. Either A or B. D. Neither A nor BB. Low deductible plan

Can insurance protect you from financial loss?

Insurance policies offer protection against economic loss, that is, loss or damage which can be measured in purely financial terms and compensated by money. … When you buy homeowners property insurance, for example, you are insuring only the economic value of the home, i.e., the cost to repair or rebuild it.

Why do you complete 1040 instead of 1040ez?

What are some differences/similarities between the 1040EZ and 1040A? When do you need to file a 1040? When you have itemized deductions (such as mortgage interest, charitable deductions, or certain job expenses) or when self employed. Explain the 1040EZ.

What is an example of a premium?

The definition of premium is something or someone of greater or superior quality. An example of premium used as an adjective is the phrase premium gasoline which means a gasoline with a higher octane rating.

What are the 7 types of insurance?

7 Types of Insurance are; Life Insurance or Personal Insurance, Property Insurance, Marine Insurance, Fire Insurance, Liability Insurance, Guarantee Insurance. Insurance is categorized based on risk, type, and hazards.

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