some of the factors used to approximate the value of loss for crashes are

some of the factors used to approximate the value of loss for crashes are

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Some of the factors used to approximate the value of loss for crashes are:

a) Public service costs

b) Property damage costs

c) Lost productivity

d) All of the above

ANSWER: Public service costs

some of the factors used to approximate the value of loss for crashes are
some of the factors used to approximate the value of loss for crashes are

– Property damage cost
– Lost of productivity that may occurred after the crashes Explanation;-Motor vehicle crashes are the leading cause of death for all people from 3 to 33 years of age. Motor vehicle crashes are the leading cause of death for all people from 3 to 33 years of age.-Loss in value describes the lowered value of an item, in this case, an automobile, after it has been in an accident. This loss of value is primarily at issue in insurance claims made following the accident.-To approximate the value of loss for crashes several factors are considered; these includes;Public Service Cost
Property damage cost
Lost of productivity that may occurred after the crashes

 

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It is clear that the main value of loss when a crash occurs is the human life or lives that can be loss or

heavily injured during an accident. After this, there several factors that are used to approximate the

value of loos for a crash, to see how significant this accident was, in financial terms. The first factor is

the public service cost, as when a crash occurs several public forces attend to help, from paramedics in

ambulances, to the police and it can also include the firefighters. All of this represents money and time

that the public service entities are spending during a crash. The second factor is the property damage cost,

that includes the vehicles involved in the accident and how badly they got damaged in it, but it can also

include other property that was affected or destroyed by the accident, such as store or private property.

some of the factors used to approximate the value of loss for crashes are
some of the factors used to approximate the value of loss for crashes are

Lastly, the factor of lost productivity is used, as a crash may cause a significant amount of unproductive

time for the people that were part of the crash. If the person is sent to the hospital or injured and cannot

drive or has to be in bed-rest for a period of time, this means that the person is no longer productive.

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