Solved

One of the Reasons That Deductible Are Used in Insurance

Question 36

Multiple Choice

One of the reasons that deductible are used in insurance policies is to


A) eliminate coverage for small claims.
B) place restrictions or limits on the insurer's promise to perform.
C) provide broader coverage by increasing the number of perils covered.
D) exclude perils that are not insurable.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions