Barney backs his truck into a telephone pole, causing $3,000 worth of damage to his truck.  Barney files a claim with his auto insurance.  His collision deductible is set at $500.  To get his car fixed, how much money will Barney receive from his insurance company? a$0 b$2,000 c$2,500 dThere is not enough information

The price of a car is Rs. 3.25 lakhs. It was insured to 85% of its price. The car was damaged in an accident and the insurance company paid 90% of the insurance. What was the difference between the price of the car and the amount received?Choices:- 32500 48750 76375 81250

This year Roy has paid his fortnightly $25 Comprehensive car insurance premiums, got an accident for which he was NOT at fault that cost $15,000 in repairs to his vehicle and $7,000 for the other party's vehicle and had no excess. The other driver had no insurance. [Note that most insurance companies would pay directly the garage rather than giving the money to the insured]Which of the following statements is correct?A.Roy's car repair will be covered by the at fault driver's insurance.B.Roy's CTP will pay for the $7,000 car repair of the other driver while the other driver's CTP will pay for the $15,000 car repair of Roy.C.Roy's insurance will cover the $15,000 repair for his car only.D.The at fault driver CTP will cover Roy's $15,000 car repair but not the at fault driver CTP.E.Roy's insurance will cover the $22,000 repair cost for both vehicles.

A financial agreement for the payment of health-related costs that is made between an individual or a group of individuals and an insurance company is known as _____.Fixed IndemnityCoinsuranceHealth insuranceCopayBilly received a claim against his health insurance in the mail in the amount of $4,910. This is the first claim against his health insurance for the current calendar year. His deductible is $3,000, his coinsurance is 20%, and his premium is $200. What will Billy end up paying on this claim?$3,382$4,528$3,582$3,000Raymond pays for the first $2,600 of covered services himself (out-of-pocket) under his health insurance plan. This $2,600 is a known as a _____.CopayDeductiblePremiumCoinsuranceBecky is having foot surgery and lives in a townhouse with four flights of steps. She would like to stay in a long-term care facility for the first couple of weeks following her surgery so as not to be a bother to her family. However, when she inquires about her plans to her health insurance company she is told that the long-term care facility will not be covered for her in this type of situation. This is known as a policy _____.premiumappealexclusiondenialSusie selects a health insurance plan through her employer where she makes a $200 payment in full each month for her health care benefits to remain completely active. This payment is known as:DeductibleCoinsuranceA copayA premium

Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchased for $17,500, and the adjusted basis was $1,350 at the time of the accident. The taxi was repaired at a cost of $2,825 and insurance reimbursed Don $739 of this cost. What is the amount of Don's casualty loss deduction?

Select the correct answerA vehicle has an insurance of 4/5 of its original value.Premium on the vehicle at the rate of 1.3% amounts to Rs.910.What is the original value of the vehicle?Options9000087,500100000150000