Question

Which statement BEST describes costs typically associated with policies for auto, health, and property insurance?

A) As deductibles decrease, policy costs tend to increase.
B) Money paid to insurance companies is refunded if not used.
C) Property, auto, and health insurance is a type of federal tax.
D) Insurance must be paid in full, it cannot be paid in installments.

Answer 1

The answer is A because I got it right lol

Answer 2

The answer is: A) As deductibles decrease, policy costs tend to increase.

Deductibles refers to the amount of money that the insured had to pay before receiving benefit from the insurance company. If you sign a contract with lower deductibles, the amount of money usually would be allocated to the policy cost that you have to pay each months.