what are the advantages of high deductible on home insurance

Q: In what ways are pension benefits and post-retirement healthcare different?

A: This is about In what ways are pension benefits and post-retirement healthcare different

Q: s it still beneficial for a person to have an insurance policy? Explain your answer in detail.

A: Insurance Policy - It is a written document between the insurer and policy holder. In which insurer…

Q: Explain low-income housing tax credit?

A: Low-income housing tax credit: The low-income housing tax credit is an inducement of tax for housing…

Q: What are the major differences between postretirementhealthcare benefits and pension benefits?

A: Both pension funds and post retirement healthcare benefits accrue to an employee after his/her…

Q: How much life insurance does an individual need?

A: Meaning of life insurance:life insurance is nothing but a contract between insurance company and…

Q: What are the basic factors that should be considered when establishing anindividual retirement plan?

A: A plan according to which an employer contributes some amount in the pool of funds that is kept…

Q: Explain the differences between a collision deductible and a health insurance deductible

A: Collision insurance is usually done for vehicles and covers collision with other vehicle, or…

Q: Homeowners policies have limits for items such as rare coins and jewelry. Which of the following…

A: If an individual owns some expensive items like antique articles, jewelry, fine arts, etc. then such…

Q: Deductibles are not used in which of the following type of insurance?

A: Deductibles in insurance: The deductibles is an expense the insured have to pay in before the time…

Q: What are the advantages and disadvantages of HAS along with a high-deductible health insurance plan?

A: Here discuss about the advantages and disadvantages of the High deductible Health Insurance Plan…

Q: How do insurance companies determine how much you should pay for your insurance coverage?

A: The amount of money paid for an insurance policy is termed as insurance premium. The premium is paid…

Q: What type of life insurance policy would give you investment choice?

A: Unit linked insurance plans (ULIP) is life insurance plans that having hybrid characteristics. This…

Q: What is a defined benefit postretirement plan?

A: Pension plan:   This is the plan devised by corporations to pay the employees a kind of compensation…

Q: what is life insurance

A: Life insurance in the insurance of risk done by the policy holder that pays the amount to the policy…

Q: Which area is not protected by most homeowners insurance? The home Your view Loss of use Personal…

A: Home insurance is a financial arrangement to cover the financial loss due to destruction and damage…

Q: Differentiate annuity dues and deferred annuities.

A: An annuity can be divided into two types: Annuity due: Unlike a regular annuity, annuity due…

Q: What features of a tax-free savings account (TFSA) allow it to be considered a very flexible savings…

A: A tax-free savings account is the one in which the income earned is not chargeable to tax. The…

Q: What are the assumption of differences between pension plans and other postretirement benefit plans?

A: Pension plan: This is the plan devised by corporations to pay the employees an income after their…

Q: What is a Postretirement Benefit Plan?

A:

Q: What is the formula in finding the present value of a deferred annuity

A: Deferred annuity is a type of contract which pays the purchaser a periodic payment or an lump sum…

Q: What will making a prepayment for insurance have the effect of?

A: The insurance paid in advance means the expense has been paid but it is not due yet.

Q: What are the major differences between post-retirement healthcare benefits and pension benefits?

A: For the benefits of pension, it is fixed with the contract terms and only the term is not known. And…

Q: What are the benefits of having third-party insurance?

A: When insurance is purchased for protection against claims of other persons, the insurance is called…

Q: What actions can a person take to reduce the cost of automobile insurance?

A: Automobile insurance is the instrument that is used to cover the losses or harm to vehicles that…

Q: Why are people often willing to pay more for insurance than the expected valueof the coverage?

A: Insurance coverage is the amount of risk covered for an individual which are assured by insurance…

Q: Examples of benefits include all of the following, EXCEPT: a) retirement benefits. b) paid vacation.…

A: Benefit: Reward-driven behavior is the result of having an outwardly focused incentive. It may be…

Q: Why do we need FDIC insurance?

A: Insurance companies and agencies adopt financial strategies to manage various types of risks.…

Q: Which of the following items is required by the Life Insurance and Annuity Replacement Rule? A. A…

A: The answer is stated below:

Q: Which of the following is correct about the effect of a deductible with respect to the price of an…

A: Insurance is an agreement or a contract between two parties. An insurance contract states that one…

Q: What are the pro and cons of third-party insurance?

A: Third-party insurance is an insurance policy purchased for the protection against the claims of…

Q: Explain the Kinds of Title Insurance Policies?

A: An insurance policy that shields the insurance holder from financial loss that arises from the…

Q: Define Deferred annuity.

A:

Q: Determine the down payment and the amount to be financed for each home

A: Introduction: The term down payment refers to the payment of certain percentage of the total…

Property Insurance

Property insurance protects property from unforeseeable loss or damage and covers property owners' liability. Property insurance provides financial compensation to the property owner or renter in the event of damage or theft, as well as to someone other than the owner or renter if that person is injured on the property. Property insurance covers all risks of damage caused by theft, fire, flood, cyclones, lighting, and natural calamities, among other things. The primary goal of property insurance is to require the property owner to cover the loss. A monthly premium is paid to the insurance company, and in exchange, the insurance company pays for damage based on the agreement stated in the policy. Property insurance protects assets such as a vehicle, auto, car, rental home, house, and valuable property.