What Is An Insurance Deductible Quizlet Budget Challenge

Want to learn more about insurance.

What is an insurance deductible quizlet budget challenge. An insurance company and an individual. Includes mobile app for paying bills on the go. William caused a minor accident that resulted in 700 of damages to his car and 1 100 of damages to the other car. A deductible is what you pay out of pocket toward a covered claim.

Budget challenge is an online 10 week personal finance simulation with full curriculum and assessments. His deductible is 750. Think of it this way itâ s like a relay race. Copay plans may make it easier for insurance holders to budget their out of pocket costs because it is a fixed amount.

Coinsurance usually splits the costs with the policyholder 80 20 percent. Watch our video and read about what s new with budget challenge this school year. Premium amount of money an individual pays to have insurance coverage. William s car looks and drives fine and he chooses not to file a claim to repair his car.

William caused a minor accident that resulted in 800 of damages to his car and 1 100 of damages to the other car. What is an insurance deductible. William pays 300 every 6 months for automobile insurance and his deductible is 750. You run the first leg that s your deductible â and your insurance company finishes the race for you up to your coverage limit.

William pays his 500 premium every 6 months for automobile insurance with collision coverage.