All of the following are purposes of deductibles EXCEPT
A)to eliminate small claims.
B)to reduce premiums.
C)to reduce attitudinal hazard.
D)to exclude uninsurable perils.

Name: All of the following are purposes of deductibles EXCEPT A)to eliminate small claims. B)to reduce premiums. C)to reduce attitudinal hazard. D)to exclude uninsurable perils.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Deductibles are not used to exclude uninsurable perils. Deductibles are used to eliminate small claims, reduce premiums, and reduce attitudinal hazard.

All of the Following Are Purposes of Deductibles EXCEPT