Purpose of the coinsurance in both types of insurance

Assignment Help Financial Management

Reference no: EM131130748

Coinsurance clauses are found in many property policies as well as in many health insurance policies, although the purpose of each is vastly different.

Explain the purpose of the coinsurance in both types of insurance.

Coinsurance in property insurance:

Coinsurance in health insurance:

Reference no: EM131130748

Questions Cloud

Automobile insurance coverage-insurance cover : Becky Fenton has 70/140/80 automobile insurance coverage. If two other people are awarded $115,000 each for injuries in an auto accident in which Becky was judged at fault, how much of this judgment would the insurance cover?

Summarize the tax issues and your recommendation : Based on the following facts, the Director has requested you to prepare a brief memo summarizing the tax issues and your recommendation whether the individuals will be classified for US tax purposes as employees or independent contractors.

What is this bonds time to maturity : Time to Maturity A bond issued by a corporation on September 1, 1989 is scheduled to mature on September 1, 2046. If today is September 2, 2009, what is this bond's time to maturity?

The interest rate associated with an equal payment loan : Which present value interest factors would be used to find (a) The growth rate associated with a series of cash flows and (b) The interest rate associated with an equal-payment loan?

Purpose of the coinsurance in both types of insurance : Coinsurance clauses are found in many property policies as well as in many health insurance policies, although the purpose of each is vastly different. Explain the purpose of the coinsurance in both types of insurance.

What is an order of protection : What is an order of protection? - Does your state have legislation that allows pets to be included in dv protection orders? If yes, please explain

What is its weighted average cost of capital : what is its weighted average cost of capital? If EuroAsia's beta is estimated at 0.9, significantly lower because of the high demand for automobile parts, what is its weighted average cost of capital? Petro-U.K. (U.K.). Petro-U.K. is a British energy..

How can the present value interest factor for such a stream : How can the present value interest factor for such a stream of cash flows be determined?

Do cell phones create a barrier to social connections : Do cell phones create a barrier to social connections? Does a public school's enforcement of school uniforms limit freedom of expression? Are students being tested too much? Can school violence be controlled with law enforcement cameras?

User Account

All Pages