what is one cost of avoiding insurance? falling into debt if faced with a serious problem not benefitting…
what is one cost of avoiding insurance? falling into debt if faced with a serious problem not benefitting from insurance deductibles not being able to purchase a car or home facing increased probability of accidents
Answer
Brief Explanations:
Insurance provides financial protection. Without it, in case of a major problem like a large - scale medical expense or property damage, one may have to pay out - of - pocket and fall into debt. Insurance deductibles are a feature of having insurance, not relevant to the cost of avoiding it. Not having insurance doesn't directly prevent car or home purchase, and it doesn't increase accident probability.
Answer:
falling into debt if faced with a serious problem