14
QuizMultiple Choice

Insurance and Risk — Test

Question 14 • Personal Finance

What happens with a lower premium?

Answer
A
higher financial risk
B
no cost
C
lower risk
D
full coverage

Explanation

A lower insurance premium means you pay less regularly for the policy, but it often comes with a higher deductible or less coverage. That leaves you responsible for more of the costs if something goes wrong, so it means higher financial risk, not no cost or full coverage.

AI-written and checked against the verified answer.

Previous
Next