Ashley has an individual medical expense insurance policy with a $1000 calendar-year deductible and a 20 percent coinsurance clause. Ashley had outpatient surgery to remove a bunion on her foot and incurred medical bills of $10,000. How much will Ashley's insurer pay? How much will Ashley have to pay?
Answer to relevant QuestionsThe Lincoln Saltdogs is a professional minor league baseball team in the American Association league.The clubhouse is insured for $600,000 under a commercial property insurance policy with an 80 percent coinsurance clause. ...Explain the meaning of primary insurance and excess insurance.Richard, age 45, is married with two children in high school. He estimates that his average annual earnings over the next 20 years will be $60,000. He estimates that one-third of his average annual earnings will be used to ...a. Define the human life value.b. Describe the steps in determining the human life value of a family head.Richard, age 35, owns an ordinary life insurance policy in the amount of $250,000. The policy is a participating policy that pays dividends. Richard has a number of financial goals and objectives. For each of the following ...
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