You are purchasing your first vehicle. The insurance company informs you that all of these factors will be considered when determining the cost of your policy EXCEPT A) your marital status. Eliminate B) your ethnicity. C) your gender. D) your age.

Vehicle insurance policy is a for insurance that gives the owner of a vehicle a protection against losses that might occur from theft , traffic accident or other losses related to vehicle incidences.

The person being insured has to contribute an agreed premium towards the insurance.

The insurance policy is a legal agreement between the insured and the insurer on the amount he can claim in case of any incidence.

Factor considered in arriving at the policy includes marital status , gender , age ,but not ethnicity.

BenitoMarin BenitoMarin · Answer 2 · 2020-02-17T19:51:02+01:00

Answer:

The correct answer is letter "B": your ethnicity.

Explanation:

While purchasing a policy, insurance companies request customers several pieces of information to determine the risk of those individuals while being insured so they can provide those people coverage that matches their needs. Age, gender, marital status, number of individuals in the household, and type of employment are the most common features insurance companies must know about their potential insureds.

Ethnicity is not a factor of risk for determining what type of insurance someone should have. It is even discriminatory to consider a special policy is provided to a person because his or her ethnicity is different.