INFOGRAPHIC: Insurance Premiums, Deductibles + Limits
In addition to having a fixed premium, most insurance plans also have a deductible and a coverage limit. Use this infographic to answer the questions.
Ɛhia
10
Ɛhia
20
Make an assumption about the relationship between coverage limit and premium. Explain your thinking.
Make an assumption about the relationship between coverage limit and premium. Explain your thinking.
Ɛhia
10
After the accident, Jerry starts thinking, “Wow, that $1500 deductible is a lot to pay for all at once! Who knows when I’ll get in another accident, but I sure wish my deductible were lower!” He asks his auto insurance agent, who shows him this chart:
What is Jerry’s auto insurance agent trying to tell him? What will Jerry need to do in order to pay a lower deductible?
After the accident, Jerry starts thinking, “Wow, that $1500 deductible is a lot to pay for all at once! Who knows when I’ll get in another accident, but I sure wish my deductible were lower!” He asks his auto insurance agent, who shows him this chart:
What is Jerry’s auto insurance agent trying to tell him? What will Jerry need to do in order to pay a lower deductible?
Ɛhia
10
