Deductibles Are a Combination of Risk Assumption and Risk Shifting

question 16

True/False

Deductibles are a combination of risk assumption and risk shifting where the insured person pays the first part of the claim (deductible) and the rest of the claim is shifted to the insurance company.

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Definitions:

Insecure

Lacking confidence in one’s own abilities, value, or belonging, often leading to feelings of anxiety or apprehension.

Affective Component

This component refers to the emotional or feeling segment of an attitude or psychological state, influencing mood and emotional responses.

Proud

Feeling deep satisfaction or pleasure from one's own achievements, the achievements of those one is closely associated with, or from qualities or possessions that are widely admired.

Provincial Capital

The city designated as the administrative capital or seat of government of a province.