which of the following statements is not something you should be thinking when considering changes in your…
which of the following statements is not something you should be thinking when considering changes in your auto insurance policy? a. higher deductibles mean lower premiums but more out - of - pocket expense in the event of an accident. b. the premium you pay guarantees that you will never have to pay more than your deductible in the event of an accident. c. the more types of insurance you include in your policy, the more protected you are from financial loss in the event of an accident. d. lower coverage limits mean lower premiums but more restrictions on the insurance company when covering injuries and damage resulting from an accident. please select the best answer from the choices provided
Answer
Brief Explanations:
In auto - insurance, the premium doesn't guarantee that you'll only pay the deductible in an accident. There can be costs above the deductible depending on the policy and the nature of the accident. Higher deductibles lower premiums but increase out - of - pocket costs in an accident. More insurance types offer more financial protection. Lower coverage limits mean lower premiums but more restrictions on the insurer for injury and damage coverage.
Answer:
B. The premium you pay guarantees that you will never have to pay more than your deductible in the event of an accident.