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How are factors used in insurance?

Updated: 8/16/2019
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mortalitlytable by studying how long people live

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Q: How are factors used in insurance?
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What factors influence boat insurance costs?

Factors include the age of the operator and the size of the boat. Also factors include the waters the boat will be used on.


What types of factors are included in young driver insurance?

Factors used in young driver insurance include inexperience, carelessness, and the lack of fear for well being. Young drivers cost more to insure because of these factors, it is more likely for them to have an accident.


What factors determine how much you will pay for auto insurance?

Many, many factors are involved in figuring auto insurance. I have one company that uses 44 different rating factors to calculate auto insurance. It used to be simply: driver age, married or single, zip code, vehicle information, deductibles, limits of liability, and that was about all.


Numerical rating system - life insurance?

example of the process and the evaluation of relevant factors used in the numberical rating system


Will a seat belt ticket raise car insurance?

Yes, All traffic violations are used to determine your overall risk factors.


How expensive are insurance for home and auto?

Costs vary for insurance for your home and auto depending on a number of factors. For auto insurance, the value of your vehicle, length of time driving, and credit record are important factors. For home insurance, the value of your home and your credit rating will determine insurance costs.


What is the rate for general liability insurance for caregivers?

Too many factors are used in rating a policy contact a few agents and request quotes.


What are some factors that impact the cost of car insurance?

There are several factors that impact the cost of car insurance. These include: your age, your driving record and they type of coverage you buy.


Generally what factors are considered when determining a quote for transit insurance?

Major factors that insurance companies consider when determining a transit insurance quote are the following. What you drive, how old you are, how often and where do you drive, have you been in an accident before and which sex are you.


What can insurance be used to cover?

Insurance can be used to cover a number of things such as: life insurance, auto insurance, travel insurance, home insurance, and business or corporate insurance.


Can your homeowner's insurance be transferred?

No, Insurance is not transferable. Each insured has to qualify based on their own risk factors.


What factors play into the cost of getting individual life insurance?

"Factors that play into the cost of getting individual life insurance are your age, health, average amount of money you make, who you're getting life insurance for and how risky you live."