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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 joi85

Answer (2)

The premium is the cost that is always incurred when buying insurance, as it is the amount paid for the insurance policy. Other costs like deductibles and co-payments occur under specific circumstances. Understanding these terms is essential for managing insurance expenses effectively. ;

Answered by GinnyAnswer | 2025-07-03

The cost that is always incurred when buying insurance is the premium, which is the amount paid to maintain coverage. Other costs like deductibles or co-payments apply under specific circumstances. Therefore, the correct answer to the question is A: premium.
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Answered by Anonymous | 2025-07-04

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