Which of the Following Statements Is Not True About Insurance

question 8

Multiple Choice

Which of the following statements is not true about insurance deductibles?

• A)The higher the deductible, the higher the insurance premium.
• B)You should always choose the highest deductible you can afford.
• C)Deductibles are common in property insurance policies.
• D)A deductible requires you to pay the first portion of the loss.

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Definitions:

Business Environments

The combination of internal and external factors that influence a company's operating situation, including economic, legal, technological, and social aspects.

Low-Context

Communication style where messages are explicit, and understanding does not significantly rely on contextual cues.

Unofficial Line

Informal communication channels within an organization that operate alongside the official channels but are not formally recognized.

Communication

The act of conveying information, ideas, feelings, or instructions between people through verbal, non-verbal, written, or digital means.