To signal to your insurance company that you are a low risk individual,you should
A)Accept an insurance policy with a high deductible
B)Accept an insurance policy with a low deductible
C)Accept an insurance policy with no co-payments
D)None of the above

Question

​To signal to your insurance company that you are a low risk individual,you should
A)​Accept an insurance policy with a high deductible
B)Accept an insurance policy with a low deductible
C)Accept an insurance policy with no co-payments
D)​None of the above

Quizplus · Accepted Answer

Accepting an insurance policy with a high deductible indicates to the insurance company that you are willing to take on a greater portion of the risk, which in turn lowers the premium cost for the insurance company. This can signal to the insurance company that you are a low-risk individual who is less likely to make frequent or frivolous claims. Choosing a policy with a low deductible or no co-payments does not necessarily indicate that you are a low-risk individual, as these policies are generally more expensive and may not accurately reflect your actual risk level.

​To Signal to Your Insurance Company That You Are a Low

To Signal to Your Insurance Company That You Are a Low