answersLogoWhite

0


Best Answer

The factors that are used to approximate the value of a loss due to a crash are medical expenses, damage to the vehicle and property damage. Some formulas also include things such as loss of wages due to the inability to work or pain and suffering.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What are the factors used to approximate the value of loss for crash?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a factors used to approximate the value of loss for crashes are?

Which of the following is not a factor used to approximate the value of loose for crashes a public service cost the property damage cost see lost productivity the traffic violation fans


3 factors that cause loss in value of tangible assets?

Which two factors cause the loss in value of tangible assets


Why did the civilization crash before the renaissance?

Loss of the Roman empire


What is the loss percentage?

It is the percentage decrease of an item from its original value. It is worked out as: (original value-loss)/original value times 100 = percentage loss.


Do crash diets work fast and effectively?

No, crash diets are terrible. Crash diets are unhealthy and can really hurt you if you are not careful. You should reach weight loss goals at a reasonable pace.


Is total loss eligible for mediation?

This will depend on your auto policy and the terms allowable within your policy. The value of the vehicle is somewhat negotiable, and factors like new tires, prior damage and such can effect the value.


What factors effect loss ratios?

To explain loss ratio we have to start by the factors included in a loss. The loss factors are: Claims paid plus net reserves plus incurred but not reported (IBNR) plus provision for adverse deviation (PAD) Total them and substract your total with Total recoveries (actual +potential) You now have the total loss. Once we have these factors, we can divide the loss by the earned premium to obtain the ratio.


Why did the plane crash into the Hudson?

Birds were sucked into the engines causing loss of power.


What are the factors in loss on drying?

Moisture


What factors contribute to the loss of wetlands?

WHAT FACTORS CONTRIBUTE TO THE LOSS OF WETLANDS? We humans pollute the air thus taking away habitats and life!


What is the legal definition of consequential loss?

It is the loss in the value of loss resulting from the use of property


Did the stock market crash in 1987?

Yes, it was not very noticed but there was 500 billion dollar loss.