UNDERSTANDING BUSINESS W/ACCESS >C<
11th Edition
ISBN: 9781259697265
Author: Nickels
Publisher: MCG CUSTOM
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Chapter D, Problem 4CT
Summary Introduction
To think critically about: The insurance coverage does an individual has and the coverage individual must also take.
Introduction: When the insurance services cover the risks of the individual and entity it is known as the insurance coverage services.
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can you give me at least 5 questions related to insurance? For example: What type of insurance do you have?
continuation of the case study :
Our mission has always been clear: to build instant, honest, affordable insurance that people love.This might seem like a big, hairy, audacious goal, given the levels of apathy and distrust most people feel towards insurance. Then again, most worthwhile endeavours aren’t easy. We believe it’s imperative to restore people’s confidence that their insurance will do what it says on the tin, and that we are on the right track to doing just that.How are we doing this?First, through our technology. We give people total control, from enabling them to buy cover online in seconds, to allowing them to claim and manage their car, home and single item insurance directly on the Naked app. Our technology also never sleeps, meaning this can be done 24/7 and all without chatting to a call centre. These operational savings are then passed on directly to our clients, through sustainably lower premiums. The second part is the way that we run our business. Inherent in the…
Briefly define and then describe the differences between HMOs an FFS insurance plans. How do HMOs contain costs? What are some of their flaws?.
Chapter D Solutions
UNDERSTANDING BUSINESS W/ACCESS >C<
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Similar questions
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- Which item of personal property is not excluded under Coverage C of the Dwelling Program? A: Credit card or fund transfer card loss in any amount when stolen. B: Manuscripts. C: Animals, birds or fish owned by the insured. D: Mausoleums owned by the insured.arrow_forwardCould this be answered in more detail (what is risk aggregation)arrow_forwardUnderstanding and properly utilizing debt is not only a key to success in business, it is a key to success in life. Debt, also referred to as leverage, can be both a valuable tool and a recipe for disaster. Describe scenarios with both a proper use of debt and an inproper use of debt. Please be specific as well as realistic. Don’t describe a scenario that wouldn’t be possible in today’s environment (in other words, the days of no doc mortgages where you are given a loan without revealing your income or other personal information are over).arrow_forward
- What amount would a person with actual cash value (ACV) coverage receive for two-year-old furniture destroyed by a fire? The furniture would cost $4,700 to replace today and had an estimated life of five years.arrow_forwardThe details of establishing a policy for your patients especially taking consideration. You need a well though out and established financial plan so that you can collect all the money that you can. This is key to the financial health of the practice. How can you measure if the policies implemented are working for your practice?arrow_forwardWhat are the pre-requisites of implementing a successful finance lease?arrow_forward
- 13 Your financial adviser wants you to allow his firm to manage your funds using a robo-investment adviser—an artificial intelligence software product that will constantly monitor your account 24 × 7 and make investment decisions consistent with your financial goals and the level of risk with which you are comfortable. The services fee will be reduced from your current 1.25 percent per year of total assets to 0.75 percent per year. What questions would you ask to decide if robo-investing was right for you?arrow_forwardYou have just purchased a new warehouse. To finance thepurchase, you’ve arranged for a 30-year mortgage for 80 percent of the $4,500,000purchase price. The monthly payment on this loan will be $27,500. What is the APRon this loan? The EAR?arrow_forwardTo protect themselves, restaurant owners should make their lease contingent on obtaining the necessary? a SBA approval b loans c licenses and permits d partnersarrow_forward
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