The use of deductibles to eliminate insurance reimbursement for frequent small losses makes automobile collision premiums unattractive for the insureds.

Name: The use of deductibles to eliminate insurance reimbursement for frequent small losses makes automobile collision premiums unattractive for the insureds.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Deductibles are used to eliminate small claims and reduce premiums, making insurance more attractive by lowering the cost for insureds.

The Use of Deductibles to Eliminate Insurance Reimbursement for Frequent