Ains 101 exam prep - Study guides, Class notes & Summaries

AINS 101 EXAM PREP

As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of replacing it. C. When her ca...

AINS 101 Exam Prep Questions & Answers Loss exposure - ANS ️️ any condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium - ANS ️️ the price of the insurance coverage provided for a specified period Indemnify - ANS ️️ to restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured - ANS ️️ any person or organization who is insured under an insurance policy Propert...

AINS 101 Exam Prep| Answered 100% Correctly| Latest Loss exposure any condition or situation that presents a possibility of loss, whether or not an actual loss occurs Premium the price of the insurance coverage provided for a specified period Indemnify to restore a party who has sustained a loss to the same financial position that party held before the loss occurred Insured any person or organization who is insured under an insurance policy Property-casualty insurance one of the two...

AINS 101 Exam Prep Questions With 100% Verified Answers.

AINS 101 Exam Prep Graded A 2024

AINS 101 Exam Prep 378 Questions and Verified Correct Answers Latest Update Guaranteed A+

As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield breaks, Ciara has to pay only $100 of the $600 cost of replacing it. C. When her car...

AINS 101 Exam Prep|378 Questions with Complete Solutions

AINS 101 Exam Prep| Complete Questions Answered 100% Correctly| Updated As a single mother on a very tight budget, Ciara is tempted to skimp on her insurance. However, her friend Mehmet tells her not to skimp on insurance, because it will help manage her cash flows. Which one of the following examples best illustrates Mehmet's point? A. Ciara needs her car to get to her job, and she needs her job to make car payments and pay for her car insurance. B. When her car's windshield break...