Explain why insurance companies charge a higher premium for car insurance sold to a youthful operator. Do you think this is fair?

Q: For automobile insurance, Describe how risk can be managed. Evaluate the risks in society.…

A: Automobile Insurance: When you get auto insurance, you enter into a contract with the insurance…

Q: Is self-insurance the same as going without insurance? Why or why not?

A: The advantages of being self-insured area unit value savings and management of the insurance…

Q: provides loans for prospective home buyers amount paid for an insurance policy provide financial…

A: The stock market functions according to the buyer and seller's transactions. All the price and…

Q: Why do insurance companies offer discounts on new houses opposed to old ones?

A: Insurance companies offer discounts on new houses opposed to old one because:

Q: What are the advantages and disadvantages of becoming a franchisee? Should a person considering…

A: Advantages of becoming a franchisee are as follows: • Franchisees can enjoy the independence of…

Q: A life insurance company worries that people with low risk of dying will not buy insurance because…

A: The insurance company will generally end up losing a lot of money. If an insurance company takes an…

Q: Jaafar owns an upscale fitness club in Jeddah. He wants to be protected if a customer is injured due…

A: The money paid in exchange for indemnification is known as a premium. Insurance is the protection…

Q: Why does car insurance which explicitly includes ensuring the car for commercial use act to reduce…

A: Car insurance helps the people to protect from the financial losses. The person provide the…

Q: Are you interested in a career in finance? Would you have any religious or moral concerns about…

A: Finance is one of the fastest growing sector in the economy today. There is a need for finance for…

Q: Identify whether each of the following is an example of adverse selection or moral hazard. A. Joe…

A: When the parties involved in a transaction have asymmetric knowledge, an unfavorable selection…

Q: Describe how an unrelated tenant in common or joint tenant should protect him- or herself from…

A: Please find the answer to the above question below:

Q: Explain the differences between actual cash value (ACV) and replacement cost for homeowner’s…

A: The difference between actual cash value coverage and replacement cost coverage is the depreciation.…

Q: Which of the following wouldn’t save you money on your auto insurance premium? * a. Decrease your…

A: The ways where insurance premium can be saved 1. Bundling the insurance with other policies 2.…

Q: In the early 1990s, New Jersey and Pennsylvania reformed their automobile insurance systems so that…

A: As explicit  within the question New Jersey adopted no fault approach to insurance of automobile as…

Q: A small insurance company is known for providing automobile insurance but also provides homeowner's…

A: Insurance is a technique that families and firms use to keep any single occasion from having a…

Q: Why would a life insurance company be concernedabout the financial stability of major corporations…

A: SOLUTION:- A life insurance company source of funds comes from premium it collects from policies…

Q: Why are sellers willing to pay a commission to a broker to facilitate the sale of their property?

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: The main purpose of buying insurance is to have financial protection in case of a loss. O eliminate…

A: The answer for main purpose of buying insurance is to have financial protection in case of loss.…

Q: Which of the following statements is NOT correct?   A. A caravan is an asset for its owner.   B.…

A: Analysis of the options given: A: A caravan is an asset for its owner - NOT CORRECT Caravan is a…

Q: In case of life insurance policies with profits, policy holders are given the right to participate…

A: Answer

Q: What are the advantages and disadvantages of becoming a franchisee? Should a person considering…

A: Franchise: Franchise is a type of business organization in which the owner (franchisor) grants legal…

Q: True or False: Car companies often offer zero- or low-percent loans to people who qualify in order…

A: Loan and finance are offered by the banks and Non banking financial institutions.

Q: Name a peril that is often excluded from an home or auto insurance policy.  Why is the peril…

A: Peril means an event causing fire or theft or damage to assets like home, auto mobiles etc Peril…

Q: Insurance premiums are very high for young drivers largely due to the fact that young drivers get…

A: Insurance The  risk  is transferred from the individual to a third party company. When an accident…

Q: Name the coverage for auto insurance "Pays for damage or loss of your car if you are in accident." O…

A: The answer and explanation can be seen below:

Q: Which of the following is not one of the factors that affects automobile insurance premiums?

A: Automobile insurance is most common types of insurance. All factors related to vehicle will affect…

Q: What are the three major classes of loss associated with the ownership or operation of an…

A: Automobile insurance is a contract between the insurer and the insurance company that protects one…

Q: hat may a person lose in addition to the goods if she or he fails to keep up the payments on a…

A: A loan is referred as the amount provided to one party to another where the principal amount with…

Q: credit reports

A: A credit report is a report that contains detailed information about the individual's credit…

Q: Name the coverage for auto insurance. Covers the costs of lawsuits if someone is injured or killed…

A: Whether you buy or lease a vehicle, it's vital to protect your investment. If you are in an…

Q: A Personal Liability Umbrella isn't required for most people, but certainly can be valuable. At what…

A: Insurance is a policy or in other words is a contract in which the insurance company promises to…

Q: How does renter’s insurance differ from other home insurance policies?

A: Insurance is a contract between the company and the individual for protecting the specific assets…

Q: Do risk influence people to go for insurance? What is the relationship between risk and insurance?

A: Yes, risk influences people to go for insurance. Several kinds of risks influence a person to get…

Q: Which of the following is correct about the effect of a deductible with respect to the price of an…

A: Insurance is an agreement or a contract between two parties. An insurance contract states that one…

Q: STATE: Which of the following statements regarding homeowner's irsurance is true A. The listing…

A: Homeowner's insurance policy is the insurance policy for your home. It generally covers any…

Q: Which is not a factor that will usually affect your auto insurance premium?

A: The amount of money paid for the insurance policy taken is called the insurance premium. It is the…

Q: Discuss the need for automobile insurance as means of protecting the yourself and the public in the…

A: Automobile insurance is an insurance contract that mitigates the risk for the car owner in case of…