02.07 How Do I Protect my Stuff Quiz – Flashcards

Losing weight and having routine medical checkups is one way Harry can

How could Brian, who doesn't want his car insurance premiums to increase, show he poses a low risk to his insurance company?

Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy, how much will she have to pay for this claim?

Rowena has a $150,000 homeowner's insurance policy with a $1,000 deductible on her house. Her premium payment is $100 per month. If she makes a $5,000 claim on the policy in a given year, how much will she pay the insurance company in that year?

Ricardo paid an annual premium of $1,000 in total liability coverage for his car, including up to $200,000 in bodily injury coverage and $100,000 in property damage coverage. Ten years into his policy, Ricardo caused an accident that resulted in the other driver claiming $60,000 in medical costs and $20,000 in car damage. Ricardo's insurance company paid the claims. Did the benefit of transferring the risk to the insurance company outweigh the cost of the premium?