what is one cost of avoiding insurance?\nfalling into debt if faced with a serious problem\nnot benefiting…
what is one cost of avoiding insurance?\nfalling into debt if faced with a serious problem\nnot benefiting from insurance deductibles\nnot being able to purchase a car or home\nfacing increased probability of accidents
Answer
Brief Explanations:
Insurance provides financial protection. Without it, in case of a serious problem like a major illness or property damage, one may have to pay large - sums out - of - pocket, leading to debt. Insurance deductibles are a feature of having insurance, not a cost of avoiding it. Not being able to buy a car or home is not directly related to avoiding insurance. Insurance doesn't affect the probability of accidents.
Answer:
falling into debt if faced with a serious problem