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She recalls paying roughly $99 a month for CarShield — maybe adding up to nearly $3,000 or more over a few years on that Acadia. When it came time a few years go to fix the transmission, the ...
CarShield, a company that sells vehicle service contracts to automobile owners that it claims will cover the cost of certain repairs, has agreed to pay $10 million in a settlement with federal ...
It won’t cover towing if you break down on the side of the road. However, if your car broke down because of engine failure or transmission issues, mechanical breakdown insurance would help cover ...
Risk is the lack of certainty about the outcome of making a particular choice. Statistically, the level of downside risk can be calculated as the product of the probability that harm occurs (e.g., that an accident happens) multiplied by the severity of that harm (i.e., the average amount of harm or more conservatively the maximum credible amount of harm).
The cost-loss model, also called the cost/loss model or the cost-loss decision model, is a model used to understand how the predicted probability of adverse events affects the decision of whether to take a costly precautionary measure to protect oneself against losses from that event.
Expected loss is the sum of the values of all possible losses, each multiplied by the probability of that loss occurring. In bank lending (homes, autos, credit cards, commercial lending, etc.) the expected loss on a loan varies over time for a number of reasons. Most loans are repaid over time and therefore have a declining outstanding amount ...
The exposure factor is usually a subjective value that the person assessing risk must define. It is represented in the impact of the risk over the asset, or percentage of asset lost. As an example, if the asset value is reduced two thirds, the exposure factor value is 0.66. If the asset is completely lost, the exposure factor is 1.0.
A breakeven calculator is a calculator that's designed to help you estimate how many years it will take you to break even if you delay your Social Security benefits claim.