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 Life insurance?
my husband and i have been talking about trying for our second child in the next year and i have a question. we are only 21 and make about $60,000/yr.
im wondering about life insurance. i am a ...


 In the state of Ohio, how can I insure a house and property that is still deeded to my deceased grandmother?
We have a house and acreage that is still in my long deceased grandmother's name. There are 8 kids in our immediate family and nobody wants it solely in their name, as it would be unfair to the ...


 Why would people want to put their savings in life insurance?
And when they want to take it out, its not a withdrawal but a loan? What kind of insurance scheme is this?...


 Why do the elderly and venerable need insurance if they are going to die anyways?
...


 Insurance claim?
After I bought my flat in April 2006, I discovered that the left hand side upright of my bay sash windows is rotten.

When making the enquiries for some quotes to get the window repaired, I...


 What is better universal or term life insurance
could someone give me the pros & cons on both?...


 Will home owners insurance pay to replace windows?
My windows are really, REALLY old in my house and I heard that home owners insurance might pay for it. Is there something in particular that I need to say?...


 Just married and I need insurance for me and my wife?
I just got married. Im 19 she is 18 and we need health insurance because she is prone to getting UTIs.
I have no idea what to do for heath insurance. I make about $1300 a month. I dont want to ...


 Paid-up life insurance, what to do with it now. Been told to give it to the funeral home for future $$$.?
...


 Stolen Insurance claim return???
I had an instrument stolen from my church. They filed an insurance claim to cover the loss of the instrument. Three years later, the thief brought back the instrument to the church.. Who does the ...


 Who is financially responsible when landlord hired unlicenced plumber and ruined our belongings?
My management company hired the husband of an employee to look at a leaky air conditioner. As he was in the ceiling he burst a pipe, and since he did not shut off the water first it flooded upstairs ...


 I live in South Carloina I want to know if Medicade will pay fpr a tubal reversal?
I really want to have another ...


 Best term length for life insurance?
Looking to get term life insurance in the wake of a growing family. I'm 27 and looking to cover for my wife and daughter. So what is the best term length to be looking at? Most default to 10 ...


 During a claim are carpets classed as contents or buildings insurance?
Thank you!...


 Would a home owner's insurance policy cover...?
Would a typical home owner's insurance policy cover a house whose foundation is sinking?
Additional Details
Maybe I should clarify. My mother has owned the house for about 15 years....


 Why does your marital status affect your car insurance price?
i recently got my renewal through for my car insurance. when i phoned them up to question the price, she changed my marital status from divorced to with partner - does that really matter???...


 I need insurance but have preexisting conditions-what plan would be the least expensive? What can I do?
...


 My responsiblity?
okay...last friday 9/29 i was on a main street in myl home town which is very busy around 12p.m...i was on my way to work...when a woman stopped dead in the middle of traffic...well didn't stop ...


 Is it possable for a man to buy and hold a life insurance policy on his wife without her ever knowing?
...


 Home insurance?
I am not sure how much home insurance coverage I should have for the house I bought 2 years ago. The cost of the house including the land was $96,000. But that includes the price of the land, etc.
...



kate
Can you please help me with this question on probability?
an insurance company reckons the probability of an accident occuring during the year is 0.1 for a low risk person and .35 for a high risk person. 25% of the customers are low risk and the rest are high risk. Mr. Z is randomly selected from the customers, what is the probability he has an accident during the year?
                     
 




Lizzy
0.25 x 0.10 = 0.025
0.75 x 0.35 = 0.2625
= 0.2875 (which is the same as 28.75%)

Mr Z has 28.75% chance of an accident thoughout the year.


jo
0.2875


GIGGS is OO7
Rating
25 x 0.1
75 x 0.35

add the 2 answer divide by 100


jane c
Rating
well there's a 4 to 1 chance he's in the low risk group!


Nnamsco
Rating
THE PROBABILITY IS ZERO


jimanddan
Rating
He probably would have an accident if you were in the car with him


Rahul
Rating
Overall Probability of accident=.1*.25+.35*.75=.2875
cheers


mbrcatz
Rating
Insurance isn't based on the probability of ONE person having an accident - that would be wildly innacurate.

Insurance principals and rates are based on the Law of Large Numbers - which is, the more people you have in a group, the more accurately you can predict the future losses of that group.

When you come down to predicting the losses of one individual - that's when you get skyrocketing rates - even if Mr. Z. is from one of the low risk groups, because the accuracy of the predictability drops to the floor.


CT
Rating
Without writing it again, I agree with giggles_007. And Joanne and Blue


Harrison N
There is no probability of him having an accident at all... Only if he is careless and engages in things like to be dangerous..

Insured for what anyway..

For gods sake do your own homework!


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