An Insured Carries All Three Classifications of Insurance, with a Deductible

question 60

Short Answer

An insured carries all three classifications of insurance, with a deductible of $500 for collision. The insured paid an annual premium of $1,720. The insured backed into a car in a parking lot, causing $580 damage to the car of the insured and $1,770 damage to the other car. Compute the amount that the insurance company made from the insured this year.​

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Definitions:

Cognitive Versus Affective

A comparison between two types of human responses: cognitive, which pertains to intellectual or rational reactions, and affective, which involves emotions or feelings.

Native Americans

"A diverse array of Americans descended from tribes indigenous to North America, including both American Indians and Native Alaskans."

Work and Activity

The engagement in tasks or actions, especially those related to one's occupation or duties.

Being/Becoming

reflects on the philosophical concepts of existence (being) and the process of change leading to a future state (becoming).