Why is it usually a good economic decision to purchase home insurance even if you don't have a mortgage? A. Because the deductible is close to matching the cost of a potential claim B. Because the likelihood of making an insurance claim is very low C. Because the coverage is more valuable than the cost of the premium D. Because the cost of the premium is less than one's salary

Insurance is when a party promises to pay the insured a certain amount on losses that might occur in certain circumstances. The insured pays a premium to the insuring company for the coverage provided.

In economics, a person would not undertake an event unless the benefit exceeds the cost. Thus, insurance is a good idea because the premium is less than the coverage.

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dheerajmenon1217 dheerajmenon1217 · Answer 2 · 2022-07-17T17:46:04+02:00

dheerajmenon1217 dheerajmenon1217

17-07-2022

Answer: C

Explanation: got it right

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