In making decisions about insurance,a crucial piece of information to know is:
A) how likely is the event you're insuring against.
B) how easily you can reduce the risk of experiencing the event you're insuring against.
C) when the event you're insuring against is most likely to occur.
D) how many others will likely be affected by the event you're insuring against.

Question

Quizplus · Accepted Answer

Knowing the likelihood of the event you're insuring against is crucial because it helps you determine the level of risk involved and the likelihood of needing to file a claim. This information can help in choosing an appropriate insurance policy and coverage.

In Making Decisions About Insurance,a Crucial Piece of Information to Know