BUSINESS ADMINISTRATION
BUSINESS POLICY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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City = “Delhi"Color = “Red”
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City = “Delhi"Color = no value
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City = “Seattle"Color = “Red”
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City = “Seattle"Color = no value
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Detailed explanation-1: -An insurance claim is a formal request from the policyholder (that’s you) to their insurance company asking for payment after a covered incident. These incidents can include anything covered by your insurance policy, like a hospital stay, a natural disaster, or theft.
Detailed explanation-2: -When you make a cashless claim, you take your bike to a network garage for repairs. A network garage is the one affiliated with your insurance company (ACKO in this case). In this case, ACKO will settle the bill with the garage directly. You just pay the deductible amount and the rest is taken care of by us.
Detailed explanation-3: -Most insurance companies require homeowners to purchase replacement cost coverage worth at least 80% of their home’s replacement cost in order to receive full coverage.
Detailed explanation-4: -An insurance claim is a request to the insurance company for payment after a policyholder experiences a loss covered by their policy. For example, if a home is damaged by a fire and the homeowner has insurance, they will file a claim to begin the process of the insurance company paying for the repairs.