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Deductible: $2000.00 Event 1 Description Tree damage Foundation repairs Repair cost $2,500.00 $25,000.00 Event 2 Which of the reasons listed below is a benefit of paying the entire repair cost of Event 1 out of pocket, without submitting an insurance claim? A. To avoid premium increases C. To avoid deductible changes B. The $500 difference is small D. Claims always cost more

Deductible: $2000.00 Event 1 Description Tree damage Foundation repairs Repair cost $2,500.00 $25,000.00 Event 2 Which of the reasons listed below is a benefit of paying the entire repair cost of Event 1 out of pocket, without submitting an insurance claim? A. To avoid premium increases C. To avoid deductible changes B. The $500 difference is small D. Claims always cost more

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Deductible: $2000.00 Event 1 Description Tree damage Repair cost $2,500.00 A. To avoid premium increases C. To avoid deductible changes Event 2 Which of the reasons listed below is a benefit of paying the entire repair cost of Event 1 out of pocket, without submitting an insurance claim? ational Academy of Science. All Rights Reserved. Foundation repairs $25,000.00 B. The $500 difference is small D. Claims always cost more
Transcribed Image Text:Deductible: $2000.00 Event 1 Description Tree damage Repair cost $2,500.00 A. To avoid premium increases C. To avoid deductible changes Event 2 Which of the reasons listed below is a benefit of paying the entire repair cost of Event 1 out of pocket, without submitting an insurance claim? ational Academy of Science. All Rights Reserved. Foundation repairs $25,000.00 B. The $500 difference is small D. Claims always cost more
Expert Solution
Step 1

Insurance claim

A formal request for compensation for damages covered by your insurance policy is known as an insurance claim. An insurance policy is a contract between you and your insurer. You are required to pay a set premium.

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