Question
In: Finance
When you consider buying a house, keep in mind how much the insurance wi ll cost....
When you consider buying a house, keep in mind how much the insurance wi ll cost. The cost may affect your choice of an old er versus a new home because insurance companies may offer discounts of from 8 to 15 percent on a new house. Why do you think this is so?
Solutions
Expert Solution
Insurance companies cover the risk of loss. Higher the risk higher will be the insurance premium and vice versa. In case of an old home, the risk of losses as well as wear and tear is very high and this cause for higher premium. The cost of insurance is thus very high in case of an old home. On the contrary a new home is when maintained and not so highly susceptible to losses and damages due to normal wear and tear. Hence the cost of insurance is much lower in case of the new home.
jeff jeffy answered 2 years agoRelated Solutions
When you are marketing internationally, what are the things you need to keep in mind and...
When you are marketing internationally, what are the things you
need to keep in mind and you must manage well.
Discuss some considerations to keep in mind when addressing multiple audiences. Discuss how you would advise...
Discuss some considerations to keep in mind when addressing
multiple audiences.
Discuss how you would advise a hasty subordinate.
WHAT DO YOU THINK IS THE MOST IMPORTANT THING NURSES NEED TO KEEP IN MIND WHEN...
WHAT DO YOU THINK IS THE MOST IMPORTANT THING NURSES NEED TO
KEEP IN MIND WHEN DEALING WITH MENTAL HEALTH?
What do you think is the most important thing to keep in mind when applying realist...
What do you think is the most important thing to keep in mind
when applying realist ideas to foreign policy analysis? Why? What
could be the pitfalls?
A small insurance company, is trying to decide how much money to keep in liquid asset...
A small insurance company, is trying to decide how much money to
keep in liquid asset to cover auto insurance claims. The company
holds some of the premiums it receives in interest bearing checking
accounts and puts the rest into investments that are not quite as
liquid, but generate a higher return. The company wants to study
cash flows to determine how much money it should keep in liquid
assets to pay claims. A review of the company’s data has...
How much will a $700,000 house cost in 15 years if house prices increase at 3%...
How much will a
$700,000 house cost in 15 years if house prices increase at 3% per
year?
Your banker says
that you'll need a 20% down payment for your first home purchase.
How much will you need to save over the course of the next 15 years
to have 20% down? If you are going to make monthly deposits into a
savings account (earning 3% interest) how much will you need to
save each month for the next 15...
Summarize how entrepreneurship impacts economic growth and society. Please keep in mind when considering the two...
Summarize how entrepreneurship impacts economic growth and
society. Please keep in mind when considering the two additional
readings that the Bureau of labor Statistics information only goes
to 2010 while the Kauffman research includes mush more recent data.
2 word page.
Report from the Bureau of Labor Statistics concerning the impact
of entrepreneurship on economic growth, particularly in the area of
job creation.
Click
http://www.bls.gov/bdm/entrepreneurship/entrepreneurship.htm link
to open resource.
http://www.kauffman.org/what-we-do/resources/entrepreneurship-policy-digest/the-importance-of-young-firms-for-economic-growth
In Modern Infrastructure strategy there are 2 basic models to consider. Keep in mind choosing the...
In Modern Infrastructure strategy there are 2 basic models to
consider. Keep in mind choosing the best for the business is the
right strategic decision.
Model 1-Traditional onsite of co-located data center facility.
This houses your network, storage and compute technologies. You
purchase and manage the equipment and your entire network/compute
environment yourself.
Model 2-Newer Cloud or SAS model. In this model all the network,
comput, storage lives in the cloud or at a service provider's
datacenter. It's model 1...
In Modern Infrastructure strategy there are 2 basic models to consider. Keep in mind choosing the...
In Modern Infrastructure strategy there are 2 basic models to
consider. Keep in mind choosing the best for the business is the
right strategic decision. There is also a 3rd a hybrid or
combination model.
Model 1-Traditional onsite of co-located data center facility.
This houses your network, storage and compute technologies. You
purchase and manage the equipment and your entire network/compute
environment yourself.
Model 2-Newer Cloud or SAS model. In this model all the network,
comput, storage lives in the...
How do you apply probability to buying car insurance when you live in a very heavy...
How do you apply probability to buying car insurance
when you live in a very heavy deer populated area? How does
probability help the overall situation?
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- Read at least 2 academically reviewed articles and Write an annotated bibliography paper on Master Budgeting
- Why normalization and referential integrity are important principles when designing relational databases?
- Respond to the following in a minimum of 175 words: Discuss what elements should be present...
- 1) The 3rd bright fringe of a double slit interference pattern is 30.0 cm above the...
- A solar cell generates a potential difference of 0.320 V when a 445.0 ? resistor is...
- A ceiling fan consists of a small cylindrical disk with 5 thin rods coming from the...
- You measure the following quantities as A = 1.0 m ± 0.2 m, B = 2.0...
ADVERTISEMENT