Financial math questions about insurance?

Financial math questions about insurance? When starting a homeowner’s insurance plan, there are a few factors that will determine the premium paid by the policyholder. Answer the following questions in complete sentences. What are some of the coverage choices (options and levels of coverage) the policyholder can make that would lead to a lower premium? What effect do these choices have on mitigating risk? BEST ANSWER: Try this site where you can compare quotes from the best companies : Compare free insurance quotes RELATED: What are a list of cars that are cheap to insure? and is a 1990 geo metro cheap to insure? What are a list of cars… Read More

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Financial math question?

Financial math question? Tom is considering making changes to his policy to make insurance more affordable. Which of the following statements is not something Tom should consider when making changes to his policy? a. Increasing the deductible on collision insurance will reduce his overall monthly and annual expense, but will lead to more out-of-pocket expense if he is in a collision. b. Removing comprehensive insurance will reduce his overall expense, but will leave Tom entirely responsible for the cost of a new windshield if he hits a rock on the highway. c. Increasing the limits on his bodily injury insurance will reduce his overall expense by putting greater limits on… Read More

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