Though premiums are an obvious cost of insurance, many insureds believe they are too high because

Insurance

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Though premiums are an obvious cost of insurance, many insureds believe they are too high because

Options

A. Benefits are intangible until a loss occurs.
B. Premiums are not a regular cost of living.
C. Insurers only use eighty cents from every premium dollar to pay losses.
D. Insureds do not deliberately cause losses.

Answer: A. Many insureds believe premiums are too high because benefits are intangible until a loss occurs.

The above question Though premiums are an obvious cost of insurance, many insureds believe they are too high because, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.