Title

How Wisely Do Consumers Select Their Property and Liability Insurance Coverages

Comments

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Abbreviated Journal Title

J. Consum. Aff.

Abstract

Responses from a consumer panel in South Carolina were used to evaluate consumers' selections of homeowner's and auto insurance coverages. The results indicate that many consumers violate accepted decision rules for selecting coverages. Liability limits typically were below usually recommended levels, while most respondents had selected only small deductibles. Responses also indicated that a major portion of the respondents had not been provided information by their agents to assist them in the selection of coverage. Respondents who reported they had received information from their agents typically had made more appropriate selections than those who had not.

Journal Title

Journal of Consumer Affairs

Volume

14

Issue/Number

2

Publication Date

1-1-1980

Document Type

Article

Language

English

First Page

288

Last Page

306

WOS Identifier

WOS:A1980LE99800002

ISSN

288-306

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