One can lower insurance premiums by doing all of the following except
A)increasing the deductible.
B)avoiding coinsurance.
C)reducing hazards.
D)practicing loss reduction.

Question

Quizplus · Accepted Answer

Avoiding coinsurance is not a method to lower insurance premiums. Coinsurance is a concept related to how much of a loss the insured must bear versus how much the insurance company will pay. Higher deductibles, reducing hazards, and loss reduction practices are all strategies to lower insurance premiums.

One Can Lower Insurance Premiums by Doing All of the Following