0
Do anyone know how insurance company calculate or using any formula to determine the sum of money charged to customer?
Wiki User
∙ 16y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
How do you calculate the atomic number of an element?
It is the number of positely charged nuclear particles ( protons ).
What are the people that predict things for insurance companies?
An actuary is a highly skilled mathematician who helps to calculate the rate that needs to be charged by the insurer based upon the likelihood that an event will occur. The premium charged by the insurer to the consumer is a function of the rate.
Can an insurance raise if you have been in an accident but not charged?
Absolutely, the fact that you are cited or not cited will not apply. The insurance company will determine your fault. For example, an accident caused on private property doesn't fall under police jurisdiction but you still caused it so your company would raise your rates.
How do you calculate vat charged in Fiji?
selling price / 0.15
How much does insurance go up if you get into a minor car accident if you are a teenager?
This is hard to determine as there are many factors at play here. The main factors that determine how much your rate will increase are The main question is if an insurance claim was made. If one was not made then your insurance will not increase at all. Next how much damages was there, or how much did the insurance company have to pay out? The more they had to pay out, the more they will make you pay when your insurance comes up for renewal. Lastly, whether you were charged with a traffic violation and how many points this will put on your license. The more points on your license the higher your rate will be when you renew.
Challenges of an active customer service dept in a vibrant economy?
The customer service department is charged with customer satisfaction. The challenges of an active customer service department in a vibrant economy include higher waiting times and less customer satisfaction.
What is a predetermined fee charged to members of an insurance plan?
predetermined fee
What are the main factors that determine the premiums charged for automobile insurance?
The main factors are where you live, driver age and sex, marital status, driving record, previous accidents and claims, credit score, and if you have current coverage and for how long. There are many many more factors in calculating auto insurance but these are the main ones.
What are electric filed lines used for?
to calculate the force on a charged body
Can a 16 year old with a learner's permit drive without insurance?
Yes but when you get your operator`s license you would be charged with insurance and you can not drive without insurance
Can you buy auto owners insurance after being charged with a DUI?
You can buy auto insurance after a DUI, however it will be more expensisve. If your license is revoked, you cannot get insurance.
Can an adult driver be on her mother's insurance?
In the UK, yes. You will, of course be charged extra for this.
