Answer to Question #178496 in Economics for Haley

Question

Why does it make less sense to insure price sensitive treatments than it does to insure other types of treatments?

Answer 1

It make less sense to insure price sensitive treatments than it does to insure other types of treatments, because the insurance firms use the next rules:

• Ensure anything that cannot be replaced or covered by the current cash flow,
• Procurement of adequate liability coverage,
• Purchase the largest deductible that can be processed at the time of the petition.