normayhernandez normayhernandez

03-07-2024
Business

Answered

How can you mitigate the financial risk of your car being damaged in an accident?

A. Have auto insurance
B. Have life insurance
C. Have property insurance

Answer :

GinnyAnswer GinnyAnswer

03-07-2024

Final answer:

Having auto insurance is essential to mitigate financial risks from car accidents.

Explanation:

To mitigate the financial risk of your car being damaged in an accident, having auto insurance is crucial. Auto insurance can cover the costs of repairs or replacement of your vehicle after an accident.

Life insurance and property insurance do not directly mitigate the financial risk of your car being damaged in an accident. Life insurance provides financial protection to your family in case of your death, while property insurance covers belongings and structures like homes, not vehicles.

By having auto insurance with adequate coverage, you can protect yourself financially in the event of car damage due to accidents.

Learn more about Insurance here:

https://brainly.com/question/33116677

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