Question

Why is it recommended to obtain multiple price quotes before selecting a policy?

a.

To ensure the lowest premium

b.

To compare coverage options

c.

To evaluate the reputation of insurance companies

d.

All of the above

Posted under IC 92 Actuarial Aspects of Product Development

Answer: (d).All of the above Explanation:Obtaining multiple price quotes helps consumers compare coverage options and find the best premium rates.

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Q. Why is it recommended to obtain multiple price quotes before selecting a policy?
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