00:01
Okay, so we're going to go from the first one.
00:04
The policy offer coverage for a cost of $178 per month.
00:12
So this is the fee, the fee that the insurance company will charge you.
00:17
And this is called premium because it's the fee that you pay to the insurance company for the potential coverage in the future.
00:29
Two.
00:31
The policy will pay for up to 100.
00:36
Thousand dollars of damage to another person's property so this is a limit this is a limit set by the insurance uh 100 000 so up to 100 000 insurance will pay and the proportion that the portion that exceeds the 100 ,000 so this is an extra that exceeds the 100 ,000 you will pay so that's the limit three the policyholder must pay the first a thousand of repair expenses so pay a thousand first before insurance will pay for anything so this is called what is called a deductible because they also set the lower limit of of some amount so that so that so so the structure is you pay up until certain amount m.
01:56
And from m to n, the insurance pay.
02:04
And from n to indefinite amount, you probably pay.
02:10
So that's the usual structure here...