All of the following are requirements of risk that are perfectly suited for insurance.Identify the requirement that influences the consumer demand for insurance.

Question

Quizplus · Accepted Answer

The cost of coverage being economically feasible directly influences consumer demand for insurance because if the insurance is affordable, more consumers are likely to purchase it. This aspect directly affects how consumers decide whether or not to buy insurance, as it must be within their financial means to be considered a viable option.

All of the Following Are Requirements of Risk That Are