In many cases, lenders allow homeowners to include their homeowners insurance premium with their monthly mortgage payment. Tim’s home is worth $279,500. If his homeowners insurance premium is $0.33 per $100, how much is added to his monthly mortgage payment for insurance? a. $7.69 b. $76.86 c. $92.35 d. $922.35 Please select the best answer from the choices provided
Why are the premiums for a PPO health insurance plan generally more expensive than those for an HMO Health Insurance Plan? a. PPO insurance plans offer a wider choice of primary care doctors and specialists. b. HMO insurance plans have higher deductibles and copays. c. PPO insurance plans have higher deductibles and copays. d. HMO insurance plans require a referral for a patient to visit a specialist. Please select the best answer from the choices provided
Zach is looking for a homeowners insurance policy for his new house. AAA Insurance company has offered him a plan that insures his home annually for $0.36 per $100 of value in the home. In order to make calculations easier, Thompson’s Insurance lists their annual homeowners insurance premium a bit differently, at $3.63 per $1,000 of value in the home. Zach’s house is worth $289,000. What should Zach be thinking as he chooses between the two insurance companies? a. $3.63 per $1,000 is approximately the same as $0.36 per $100. The premiums for the two insurance companies will be the same. b. The annual premium for his house would be cheaper through AAA. c. The annual premium for his house would be cheaper through Thompson’s. d. Since the two insurance companies list their premiums differently, the two cannot be compared. Please select the best answer from the choices provided
Tracy was involved in an accident in which the other driver suffered severe injuries. The police determined that the accident was Tracy’s fault. Tracy is fully insured through her insurance company. Which of the following components of Tracy’s insurance policy will cover the injuries of the other driver?a.bodily injuryb.property damagec.collisiond.comprehensive damage
Julien was involved in an accident in which he merged into another car, damaging the front fender of the other car. Julien is fully insured through his insurance company. Which component of Julien’s insurance plan will cover the damage he caused to the other car?a.bodily injuryb.property damagec.collisiond.comprehensive damage
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