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:
According to the coinsurance clause, we have 4 steps to follow: 1  Multiply the value of the covered property ($217,000) by the coinsurance percentage (80%), resulting in an amount of $173,600. 2  This is the least amount of coverage Fred should have had in place to avoid the coinsurance penalty.