Assume Lauren has the same exact accident but her monthly premium she pays for the insurance policy is $250. Would you expect Lauren’s deductible to be higher lower or the same as Jerry’s why

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08-05-2020
Social Studies

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Assume Lauren has the same exact accident but her monthly premium she pays for the insurance policy is $250. Would you expect Lauren’s deductible to be higher lower or the same as Jerry’s why

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Harrisonjob Harrisonjob · Answer 1 · 2020-05-16T03:50:49+02:00

Answer:

Lauren having the same exact accident but with monthly premium payment for her insurance being $250, I would expect her to not have same deductible. This is because, there are factors that could have lead to her deductible being higher than Jerry's.

Factors like the cost of the parts to change the damaged portion of the car, the mechanic's charges for work to be done on the car e.t.c.

Explanation:

topeadeniran2 topeadeniran2 · Answer 2 · 2021-12-04T15:28:36+01:00

Lauren’s deductible will be lower because she pays a higher insurance policy.

A deductible simply refers to the amount of money that an individual will pay towards an insured loss. It should be noted that the larger the deductible, the lesser the person will pay in premium for an insurance policy.

In this case, Lauren has the same exact accident but for her monthly premium, the amount that she pays for the insurance policy is $250. In this case, she pays a higher insurance policy, and therefore, her deductible will be lower.

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