8
QuizMultiple Choice

Insurance — Quiz

Question 8 • Economics

What is one cost of avoiding insurance?

Answer
A
not being able to purchase a car or home
B
facing increased probability of accidents
C
falling into debt if faced with a serious problem
D
not benefitting from insurance deductibles

Explanation

Without insurance, you must pay the full cost of a serious unexpected problem yourself. A large medical bill, car repair, or property loss could exceed your savings and force you into debt. The other choices do not describe a direct cost of avoiding insurance.

AI-written and checked against the verified answer.

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