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:

Culture

The sum of social behaviors, beliefs, practices, and material traits of a social group or society, often passed down from generation to generation.

Reproduction

The biological process by which new individual organisms are produced.

Academic Integrity

A set of moral codes or principles in academia that governs the behavior of students and researchers, emphasizing honesty, trust, and responsibility.

Research Funding

Financial support provided for academic or professional research projects, often by governmental bodies, private companies, or non-profit organizations.