Risk retention would be most appropriate in which of the following cases?
A)Collision coverage on a $14,000 car
B)Coverage for loss of a contact lens
C)Medical expenses for a healthy young adult
D)Liability coverage for a middle-income individual

Question

Quizplus · Accepted Answer

Risk retention is most appropriate for losses that are small and predictable, such as the loss of a contact lens, because it is often not cost-effective to insure such minor risks.

Risk Retention Would Be Most Appropriate in Which of the Following