Calculate the claim under insurance policy, Financial Accounting

Calculate the claim under insurance policy:

1) What do policy limits of 200/300/100 on an automobile insurance policy mean?Your automobile insurance policy contains policy limits of 200/300/100. If you have an accident in which you are deemed at fault and two people sustain bodily injury that result in combined claims of $450,000, how much of the claim will not be covered under your insurance policy?

2)  What three insurance components do automobile and homeowner's policies usually have in common?

3) If an insurance policy carries a $250 deductible and an accident results in the following losses, what will be the reimbursement from the insurance company under your collision and comprehensive coverage?

·     Replacement of trailer hitch    $200

·     Replacement of rear bumper   $150

·     Replacement of computer being carried in back seat $300

·     Replacement of rear windshield         $100

4) List four ways to reduce your automobile insurance premiums.

Posted Date: 2/14/2013 2:48:51 AM | Location : United States







Related Discussions:- Calculate the claim under insurance policy, Assignment Help, Ask Question on Calculate the claim under insurance policy, Get Answer, Expert's Help, Calculate the claim under insurance policy Discussions

Write discussion on Calculate the claim under insurance policy
Your posts are moderated
Related Questions
liabilities and its types

Definition: A partnership is defined as “the relationship that subsists between two or more persons carrying on a business in common with a view to making a profit.” (Partnersh

My trial balance is off by $304 and I can''t find my error

Natalie cashes in her U.S savings Bonds and receives % 520, which she deposits in her personal bank account. Journalize it

Cost of capital calculation Cost of equity (Ke) Using the dividend valuation model, Ke=D 1 /P 0 + g Pretentious that dividend growth over the last five years is a good

Do you have anyone on staff that understands acquisition accounting procedures?

Conditions of a will A written will is not valid unless it fulfills the following conditions. 1) The testator must sign the will; or he must affix his mark to the will (i.e. a

What happens to capital when a project is completely funded by retained earnings?

Effect of discharge An order of discharge releases the bankrupt from all disabilities imposed by the bankruptcy (except those which apply for a fixed period after discharge - s

During it's first year of operations, Rosa Corp has these transactions pertaining to its common stock. Jan. 10 Issued 30,000 shares for cash at $5 per share July 1 Issued 60,000 sh