scar420
Answered

Get the answers you need at Westonci.ca, where our expert community is always ready to help with accurate information. Join our Q&A platform and get accurate answers to all your questions from professionals across multiple disciplines. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

The main purpose of automobile insurance is to

Select one:
a. permit great risk-taking.
b. prevent collisions.
c. determine fault in a collision.
d. protect against major financial loss.

Sagot :

GinnyAnswer

Final answer:

Automobile insurance protects against major financial loss by providing coverage for damages and liabilities, incorporating elements like deductibles and copayments, and utilizing various factors to determine insurance rates.


Explanation:

Automobile insurance serves the main purpose of protecting against major financial loss. It works by providing coverage for damages to your vehicle or property in case of accidents, and it can also include liability coverage for situations where you are responsible for injuries or damages to others.

Insurance contracts often involve elements like deductibles and copayments, which influence individuals' incentives and responsibilities in filing claims. Additionally, insurance companies use various factors such as driving history, age, and vehicle safety ratings to determine insurance rates.

By offering different types of coverage options and ensuring that people can financially recover from unexpected events, automobile insurance plays a crucial role in managing risks associated with vehicle ownership.


Learn more about Automobile insurance here:

https://brainly.com/question/36591985


Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.