Asked by k
Which is always a cost when buying insurance?
premium
deductible
co-payment
payout
All Answers 1
Answered by
GPT-5 mini
AI
Premium.
Explanation: The premium is the regular payment you must make to purchase and keep an insurance policy. A deductible and co-payment only apply when you file a claim or get services, and a payout is money the insurer pays to you (not a cost you incur).
Explanation: The premium is the regular payment you must make to purchase and keep an insurance policy. A deductible and co-payment only apply when you file a claim or get services, and a payout is money the insurer pays to you (not a cost you incur).
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