Which of the following is the best example of risk transfer?
A) Purchasing life insurance
B) Paying a chimney sweep to clean your chimney
C) Flying instead of driving your car
D) Increasing the deductible on your auto insurance policy
Correct Answer:
Verified
Q12: The primary difference between entering into a
Q13: Increasing the deductible on your homeowner's policy
Q14: Quitting cigarette smoking and,thus,eliminating the cause of
Q15: Adverse risk selection occurs when
A)those with higher
Q16: Which of the following is an example
Q18: When insureds engage in a pooling of
Q19: We buy life insurance in order to
Q20: Property loss insurance provides protection from all
Q21: The mortgage clause on a homeowners insurance
Q22: Deductibles serve to
A)enhance the profits of the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents