Answers FL-2102371-Personal Finance and Money Management Cumulative Exam — Cumulative examQuestion 13

13

QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 13 • FL-2102371-Personal Finance and Money Management

What is the purpose of a deductible in an insurance policy?

Answer

A

to pay the insurance company for providing coverage

B

to limit the number of claims a policyholder can make

C

to reduce the premium amount the policyholder must pay each month

D

to require the partial payment of repair costs before insurance covers the rest

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