13
QuizMultiple Choice

Managing Risk — Test

Question 13 • Personal Finance

A person drives daily and has limited savings. What is the best insurance choice?

Answer
A
minimum coverage
B
high deductible only
C
high coverage and lower deductible
D
no insurance

Explanation

Daily driving increases the chance of an accident, so higher coverage offers better financial protection. With limited savings, a lower deductible is also helpful because the person would owe less out of pocket when making a claim. Therefore, high coverage and a lower deductible is the best choice.

AI-written and checked against the verified answer.

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