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why would a fire insurance policy contain a $150 deductible provision?
Question
Asked 2/10/2010 6:05:32 PM
Updated 72 days ago|2/8/2024 12:23:40 AM
2 Answers/Comments
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Unflagged by Rhed°88 [2/8/2024 12:23:38 AM]
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User: define adverse selection

User: what is adverse selection?

User: why would a fire insurance policy contain a $150 deductible provision?

Weegy: So that you can't claim any insurance money on small fires. Only one doing $150 worth of damage would be helped with by the Ins. Co. [ Also, this prevents someone from burning a broken valuable (ie an xbox) and claiming money for a new one through the insurance. ]
Expert answered|Graft316|Points 25|



User: is fire insurance policy adverse selection or moral hazard?

Question
Asked 2/10/2010 6:05:32 PM
Updated 72 days ago|2/8/2024 12:23:40 AM
2 Answers/Comments
This conversation has been flagged as incorrect.
Unflagged by Rhed°88 [2/8/2024 12:23:38 AM]
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3
Adverse selection is a market situation where buyers and sellers have different information.
Added 72 days ago|2/8/2024 12:23:06 AM
This answer has been confirmed as correct and helpful.
3
Fire insurance policy is moral hazard.

Added 72 days ago|2/8/2024 12:23:34 AM
This answer has been confirmed as correct and helpful.
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Questions asked by the same visitor
what are some examples of components of net income with persistence of zero
Weegy: [ ] (More)
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Expert Answered
Updated 10/20/2022 2:38:54 PM
2 Answers/Comments
Some examples of components of net income with persistence of zero are: Permanent changes in sales, for instance as a result of competition changes, new technology, profitable patents, or acquisitions, are examples of components of net income with high persistence.
Added 10/20/2022 2:38:12 PM
This answer has been added to the Weegy Knowledgebase
Deleted by MsAnyaForger [10/20/2022 2:38:25 PM], Unflagged by Ms Yor [2/8/2024 1:43:39 AM]
Some examples of components of net income with persistence of zero are: result of competition changes, new technology, profitable patents, or acquisitions, are examples of components of net income with high persistence.

Added 10/20/2022 2:38:54 PM
This answer has been confirmed as correct and helpful.
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