Answer:
A. The policyholder will have a larger expense if they file a claim
Having a higher deductable will reduce your monthly payments but you will pay more when a claim is filed. Insurance will cover the rest after you have paid your deductable.
Hope this helps :)
The policyholder with a higher deductible will have a larger expense at the time of claim. Thus, option A is correct.
An insurance policy is a legal document between the policyholder and the insurance company, which is there to help them insure at the time of need so that they can claim. and that will be covered by the insurance company. an insurance policy can be for health, a house, or a company.
When a person chooses high deductibles, then it means he will have to pay a huge sum of amount for himself to get care before his insurance begins to fulfill the policy.
The policyholder would face a major disadvantage if he selects a deductible on an insurance policy and has to pay a huge sum from his/her pocket.
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