Yes, political correctness is a good thing because it was born out of necessity. There is a prevailing attitude of prejudice and hatred and ignorance in this country, and before political correctness became a thing, people were rampant in their insults and slurs.
Law of large numbers. The theory of probability on which the business of insurance is based. Simply put, this mathematical premise says that the larger the group of units insured, such as sportutility vehicles, the more accurate the predictions of loss will be. FAQs:
In sharp contrast, where the policy has an SIR, the amount of which is called a âRetained Limit,â the insurance carrier doesnât ever wake up, isnât even obligated until its policy holder pays the Retained Limit. Thatâs a big difference. When it does, however, it will cover up to the face amount of the policy. Try this. Assume there are two situations, one where there is a policy with a $100,000 deductible and the other where there is a policy with an SIR having the same $100,000 figure, but as a Retained Limit. Further, assume you are an additional insured under each hypothetical policy and there is a valid $75,000 claim for which you are liable and which falls under each policyâs coverage.