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In Business / College | 2025-07-03

Which is always a cost when buying insurance?
A. Premium
B. Deductible
C. Co-payment
D. Payout

Asked by caliban23

Answer (2)

The cost that is always incurred when buying insurance is the premium. The premium is a regular payment made to keep the insurance policy active. Other costs like deductibles and co-payments depend on specific policy terms and the services used.
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Answered by Anonymous | 2025-07-04

The cost that is always incurred when buying insurance is the premium, which is the payment made to maintain the insurance policy. Other terms such as deductible and co-payment are variable costs depending on the specific policy. The payout is a benefit received from the insurance, not a cost. ;

Answered by GinnyAnswer | 2025-07-04

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