2017.Spring #7c
"Briefly describe two reasons why having a policy written through the residual market is worse for a policyholder than having a policy written in the voluntary market."
Sample answers mention about policies are more expensive and coverages are more limited.
If I say ,
- policies only offer lower/minimum required liability limits
- policies have higher deductibles for collision and comprehensive
would they be acceptable?
Comments
In my opinion, it is likely that they would count these two as only one, since they both relate to coverage amount. They would want to see another one out of the number of reasons they list.