Which of the following statements is not true about insurance deductibles?
A)The higher the deductible, the higher the insurance premium.
B)You should always choose the highest deductible you can afford.
C)Deductibles are common in property insurance policies.
D)A deductible requires you to pay the first portion of the loss.

Question

Quizplus · Accepted Answer

A higher deductible typically results in a lower insurance premium, not higher, because it means the insured is willing to cover a larger portion of any loss.

Which of the Following Statements Is Not True About Insurance