Buying an insurance policy with a deductible is one way to assume risks that are affordable.

Name: Buying an insurance policy with a deductible is one way to assume risks that are affordable.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

By selecting a deductible, the policyholder agrees to pay a predetermined amount of money out of pocket for each claim before the insurance company begins to cover the remaining costs. This allows the policyholder to assume more affordable risks while still maintaining coverage for more expensive losses.

Buying an Insurance Policy with a Deductible Is One Way