6.1 Write down the policy number of Bomvana's inst 6.2 Determine the missing value A , the monthly premium for the VW Polo. 6.3 Bomvana qualifies for a discount on his insurance premiurns as he has insured many items. Calculate the percentage discount that he receives if the total monthly premium (3) before the discount was R2 450,36. 6.4 Bomvana was involved in a motor vehicle accident during July 2022. The quotation for damages from the panel beaters was R43 522,00. Determine the amount the insurance company will pay the panel beaters. 6.5 The premium for the Toyota Corolla is much lower than that of the VW Polo. Give ONE possible reason for this big difference in the premium amount. 6.6 Bomvana pays a MiHome premium for household content zover to the value of R200 000. After the household contents were evaluated for insurance purposes, he bought an additional lounge suite. Explain how the purchase of this new item will affect ais MiHome content premium. (2) [15]

### **6.5 Reason for Premium Difference Between Toyota Corolla and VW Polo** **One possible reason for the Toyota Corolla having a much lower insurance premium compared to the VW Polo is the difference in the vehicle's safety features and reliability reputation.** - **Safety and Reliability:** The Toyota Corolla is widely recognized for its high safety ratings and exceptional reliability. Insurance companies often consider vehicles with better safety features and lower repair costs as less risky to insure. This can lead to lower premiums for models like the Corolla. On the other hand, if the VW Polo has higher repair costs, lower safety ratings, or is perceived as more prone to theft or accidents, insurers may charge higher premiums to offset the increased risk. **Alternative Reason:** - **Cost of Repairs and Parts:** The availability and cost of spare parts for the Toyota Corolla are generally lower and more widespread compared to the VW Polo. Cheaper and more readily available parts reduce the cost of repairs, which in turn lowers the insurance premiums for the Corolla. --- *Note: The exact reason can vary based on specific insurance company policies, the geographical location, the driver's profile, and other factors.*