Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Get quick and reliable solutions to your questions from a community of seasoned experts on our user-friendly platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
Answer:
Adrian should not purchase the additional $200/month coverage to protect his $1,000 vehicle. Here's why:The cost of the insurance policy ($200/month) is extremely high compared to the value of the car ($1,000). Over the course of a year, the insurance would cost $2,400, which is more than twice what the car is worth.Even if Adrian gets into an accident and the insurance company pays him the $1,000 value of the car, he will have still lost money overall by paying $2,400 in premiums. It would be cheaper for him to simply pay for any repairs out-of-pocket if an accident occurs.The additional coverage is not a good value for Adrian given the low value of his car. He would be better off saving the $200/month and using that money to purchase a replacement vehicle if his current one is damaged beyond repair.In summary, Adrian's best decision is to not purchase the additional $200/month coverage. The high cost of the policy compared to the low value of his car makes it an unwise financial choice. Adrian should decline the coverage and self-insure his older, inexpensive vehicle.
We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.
