what is one cost of avoiding insurance?\nfalling into debt if faced with a serious problem\nnot benefitting…
what is one cost of avoiding insurance?\nfalling into debt if faced with a serious problem\nnot benefitting from insurance deductibles\nnot being able to purchase a car or home\nfacing increased probability of accidents
Answer
Answer:
A. falling into debt if faced with a serious problem
Brief Explanations:
Insurance provides financial protection. Without it, a serious - like a major illness or property damage - can lead to high out - of - pocket expenses and potential debt. Insurance deductibles are a feature of having insurance, not a reason for avoiding it. Insurance is not a prerequisite for buying a car or home. And the probability of an accident is not directly affected by not having insurance.