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In the event no property damage or loss occurs during an insurance contract period, the premium payments were wasted only if the policyholder

A) derived more benefit than the premium cost
B) paid a minimal cost compared to received benefit
C) would have preferred added risk over security
D) would have preferred added security over risk

Respuesta :

Edufirst
Option C) would have preferred added risk over security.

An insurance policy protects against losses derived from certain risks. If there was not damage or loss and the policyholder feels comfortable with taking risks then the premium payments can be considered wasted.

But if the policyholder prefers the tranquility of being covered then the payments were not wasted.

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