After Hurricane Andrew,many insurers began using:
A)complete hurricane exclusions
B)percentage deductibles
C)high dollar straight deductibles
D)franchise deductibles

Question

Quizplus · Accepted Answer

After Hurricane Andrew, many insurers began using percentage deductibles to manage the risk associated with large-scale hurricane damage. This approach allows the deductible to be a percentage of the insured value, rather than a fixed dollar amount, which can help insurers better handle the financial impact of such events.

After Hurricane Andrew,many Insurers Began Using