Robert and Louisa have identified the following potential loss exposures,but they are not sure whether they should purchase insurance to reduce these risks:
When Robert and Louisa prioritize their insurance choices,____ would be categorized as important,but not necessary.
1)Loss of their health,which could cause extensive medical bills and loss of income
2)Loss to their car,which would cause automobile repair or replacement
3)Liability claims related to their car,which could require them to pay for other person's losses
A)health and disability insurance
B)auto collision and comprehensive insurance
C)auto liability insurance
D)All of the losses should be categorized as necessary.

Question

Quizplus · Accepted Answer

Auto collision and comprehensive insurance is important for covering potential losses to their car, but it might not be considered as necessary as health, disability, or liability insurance, which protect against more financially devastating risks such as medical bills, loss of income, or liability claims.

Robert and Louisa Have Identified the Following Potential Loss Exposures,but