Question

If you cause a car accident, which type of insurance will require you to pay the least out of pocket?
A High deductible plan
B Low deductible plan
C Either A or B
D Neither A nor B
please answer correctly, im having a very hard time with this question.

Answer 1

Option A is the correct answer.

High deductible plan is referred to those insurance plans in which an individual has to pay the least out of their pocket and in return, the claim amount is more.

It is somewhat similar to traditional healthcare insurance but it too has slight differences.

Answer 2

The process of insurance claim is not so clear with many individuals and they end up loosing the money which they could save. You have to be very particular while selecting the insurance of your vehicle. Many of the plans attract you with the less premium amount, but when you really need the insurance benefit, then they come up with the hidden charges.

Understand the Insurance Claim Process if you cause the Car Accident:

More Details @ thecarinsurance. org