which is always a cost when buying insurance?\n premium\n deductible\n co - payment\n payout
which is always a cost when buying insurance?\n premium\n deductible\n co - payment\n payout
Answer
Brief Explanations:
A premium is the amount an insured pays regularly to an insurance company to maintain coverage. A deductible is an amount the insured pays before insurance kicks in and may not always be applicable depending on the policy. Co - payment is a share of cost paid at the time of service and also may not always be present. A payout is money received from the insurance company, not a cost.
Answer:
premium