please answer within 30 minutes. Which of the following insurance claims will a person who has lost their spouse have?O A. Pain and suffering for heart pain.OB. Patrimonial loss for loss of financialsupport.O C. Patrimonial loss for loss of incomeO D. Pain and suffering for emotional loss

Insurance refers to a contract between the insurance company and insurer in which a fixed amount of…

Answered: B. Patrimonial loss for loss of…

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter10: Managing Property And Liability Risk

Section: Chapter Questions

Problem 6LTAI

See similar textbooks

Similar questions

Which expenses are associated with the risk of disability? O Lost wages O Additional medical expenses O Additional living expenses O All of the above O Only two of the above
Losses due to destruction of personal property are covered by (choose the best answer) Personal insurance Liability insurance Property & casualty insurance Umbrella insurance
uge to or loss of a dwelling and personal property of of g protects the beneficiary against the financial aspects of a traffic accident. TUSS, damage, or injury. May result in either financial gain or financial loss. 24. Financial service used to protect against loss. 25. Completion Amount of money or other services to which you are entitled under the terms of your insurance policy. Complete each statement. 26. A(n) endorsement 27. The Premium is an attachment to existing insurance coverage. is the amount the insured pays for insurance coverage. 28. The amount the insured is responsible for paying when a claim is made is the deductible 29. The process of documenting a loss against an insurance policy is called filing a(n) Claim 30. depreciation is a decrease in the value of property as a result of age or wear and tear. 31. The replacement cost minus depreciation is known as actual cash value 32. All 50 states have financial responsibility laws that require drivers to show proof of…
Which type of insurance is not deductible as self-employed health insurance? a. Long-term care insurance O b. Medical insurance Oc. Disability insurance Od. Dental insurance Oe. Spousal medical insurance
Which of the following statements about "Waiver of Premium due to Disability" is false? A) Disability must occur before a stated date B) The insured has to die while disabled C) There is a waiting period D) It has to be attached to a life insurance policy
When a life insurance policy lapses, it: a. benefits the insured b. benefits neither the insurer nor the insured. c. benefits the insurer d. benefits both the insurer and the insured
C. a legally recognized relationship between the insured and the financial loss O D. risk that have high frequency and high severity 2. When two or more policies cover the same loss, the right of the one insurer to call upon the other to share the loss is called the principle of O A. indemnity B. subrogation O C. contribution O D. utmost good faith 3, Which of the following principles of insurance denotes a positive duty of the person seeking insurance to voluntarily disclose all material facts to the risk
Why would an insured inflate claims and who are the ones to suffer for it?
Homeowners insurance provides coverage for: Damages that the insured becomes legally obligated to pay because of bodily injury or property damage. Perils not named in a named peril policy. The insured's personal, nonbusiness activities that occur anywhere. Damages resulting from intentional acts of an insured.
Bodily injury and property damage liability policies protect an insured for Loses for which the insured is legally liable Losses to the business property the insured owns Damage to the insured’s private property caused by a visitor The insured personal medical bills
a. Identify and explain the basic perils insured under a Standard Fire Policy. Name any three extra perils that can be insured under the Standard Fire Policy. b. What is the purpose of arranging a Consequential Loss insurance cover? Explain why an insured may only be able to obtain a Consequential Loss insurance cover after they have purchased the relevant fire policy.
The Insuring clause in an Accident & Health policy states which of the following information? A. The insured's obligations B. The insurance company's obligations C. The risks excluded from coverage D. The cost of the coverage

SEE MORE QUESTIONS

Recommended textbooks for you

Personal Finance

Finance

ISBN:

9781337669214

Author:

GARMAN

Publisher:

Cengage

CONCEPTS IN FED.TAX., 2020-W/ACCESS

Accounting

ISBN:

9780357110362

Author:

Murphy

Publisher:

CENGAGE L

Pfin (with Mindtap, 1 Term Printed Access Card) (…

Finance

ISBN:

9780357033609

Author:

Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:

Cengage Learning

Personal Finance

Finance

ISBN:

9781337669214

Author:

GARMAN

Publisher:

Cengage

CONCEPTS IN FED.TAX., 2020-W/ACCESS

Accounting

ISBN:

9780357110362

Author:

Murphy

Publisher:

CENGAGE L

Pfin (with Mindtap, 1 Term Printed Access Card) (…

Finance

ISBN:

9780357033609

Author:

Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:

Cengage Learning

Business Its Legal Ethical & Global Environment

Accounting

ISBN:

9781305224414

Author:

JENNINGS

Publisher:

Cengage

Business/Professional Ethics Directors/Executives…

Accounting

ISBN:

9781337485913

Author:

BROOKS

Publisher:

Cengage

SEE MORE TEXTBOOKS

B. Patrimonial loss for loss of financial support.