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In the event no property damage or loss occurs during an insurance contract period, the premium payments were wasted only if the policyholder

Aderived more benefit than the premium cost
Bpaid a minimal cost compared to received benefit
Cwould have preferred added risk over security
Dwould have preferred added security over risk

Verified Answer :

Edufirst

Option C) would have preferred added risk over security.

An insurance policy protects against losses derived from certain risks. If there was not damage or loss and the policyholder feels comfortable with taking risks then the premium payments can be considered wasted.

But if the policyholder prefers the tranquility of being covered then the payments were not wasted.

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