Business, 24.07.2019 03:30 nickddj12

If you cause a car accident, which type of insurance will require you to pay the least out of pocket?

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Answer from: idontcare2003

Low deductible plan because there will be low amount of money taken from you. I am pretty sure.

Answer from: camilacarrielh15

The low-deductible plan will result in the least out-of-pocket expenses.

Further Explanation:

Out-of-pocket expenses:

It is the maximum amount of expenses that the insurance policyholder has to pay for medical expenses. It includes the deductible, coinsurance, and co-payment. Premium paid on the insurance policy is not considered as out-of-pocket expenses.

Low-deductible plan:

The low-deductible plan is the insurance plan where the insured person has to spend a low amount of out-of-pocket expenses. The contribution from the side of the insurance policyholder is minimum in the low-deductible plan because most of the expenses are carried out by the insurance company.

The insured person has to pay the least amount of deductible, coinsurance, and co-payment in case of low-deductible plan. Most of the medical expenses are met by the insurance company.

Thus, the low-deductible plan will result in the least out-of-pocket expenses.

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Answer details:

Grade: Senior School

Subject: Business Studies

Chapter: Insurance

Keywords: If, you, cause, a, car, accident, which, type, of, insurance, will, require, you, to, pay, the, least, out, of, pocket expenses, type of insurance, low-deductible plan, insurance.

Answer from: Quest

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7. customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3

Answer from: Quest

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