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Which of the following statements is not something you should be thinking when considering changes in your auto insurance policy? a. Higher deductibles mean lower premiums but more out-of-pocket expense in the event of an accident. b. The premium you pay guarantees that you will never have to pay more than your deductible in the event of an accident. c. The more types of insurance you include in your policy, the more protected you are from financial loss in the event of an accident. d. Lower coverage limits mean lower premiums but more restrictions on the insurance company when covering injuries and damage resulting from an accident.

Respuesta :

An auto insurance policy is a type of insurance policy for vehicles and vehicles owners in case of accidents. These pay up the medical bills and also for the medical bill of other person whom you have hit. If you have repaired your car, the company will pay for the repair amount minus the deductible value. Mostly everything is paid off except deductible.

So, option B is the right answer.

B -  The premium you pay guarantees that you will never have to pay more than your deductible in the event of an accident.

adioabiola

The choice which shouldn't be considered when considering an auto insurance policy is; ChoiceB: The premium you pay guarantees that you will never have to pay more than your deductible in the event of an accident

Auto-insurance policies

The basic concept of insurance generally is characterized by one party, the insurer, guaranteeing payment for an uncertain future event.

Meanwhile, the insured, another party or the policyholder, pays a smaller premium to the insurer in exchange for that protection on that uncertain future occurrence.

In this scenario, the option which is not usually considered in an auto-insurance contract is as described in Choice B.

Read more on auto-insurance policies;

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