Which of the Following Statements Is Not True Concerning Comprehensive

question 127

Multiple Choice

Which of the following statements is not true concerning comprehensive and collision insurance?

• A) If you are financing a car, this insurance is required by the lender.
• B) Financially, it is advisable to take out the lowest deductible possible.
• C) You may want to drop this coverage on an older car that is not being financed.
• D) The deductible is really a form of self-insurance.

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Definitions:

Wealthy Country

A wealthy country is characterized by a high gross domestic product (GDP) per capita, indicating significant economic resources and a high standard of living among its population.

Postsecondary Education

Education that occurs after the completion of secondary education, such as college, university, or vocational training.

Economically Disadvantaged

Economically disadvantaged refers to individuals or groups who have less economic resources and opportunities compared to the broader society, often facing challenges in accessing basic needs and services.

Affluent Home

A household characterized by wealth and high social status, with access to abundant resources and luxury.