Insurance Answers

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Roland has purchased a new tablet. How can he reduce the risk of damage or misuse? Choose three correct answers.

by using a screen protector

by letting his toddler play with it

by using an antivirus app

by using a protective case

by letting his friends borrow it

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In what way does a deductible help an insurance company?

It adds to the company’s pool of funds.

It increases consumers' insurance premiums.

It lowers the payout the company has to make.

It reduces consumers' co-payments.

Insurance is a financial service that allows a

consumer to transfer all risk to a company.

company to control finances for a consumer.

consumer to share liability with a company.

company to maximize risk for a consumer.

Insurance companies create a pool of funds to handle ______

risk

gain

loss

safety

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