Question

What is one of the primary considerations when deciding whether to opt for insurance?

a.

The probability of an event happening

b.

The value of the insured assets

c.

The size of the insurance premium

d.

The relationship between the cost of transferring risk and its value

Answer: (d).The relationship between the cost of transferring risk and its value Explanation:The need to evaluate the cost of transferring risk against its value.

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Q. What is one of the primary considerations when deciding whether to opt for insurance?

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