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If liability insurance is not mandatory for auto driver, will you still purchase it? Based upon...

  1. If liability insurance is not mandatory for auto driver, will you still purchase it? Based upon your answer, please define your attitude (averse, neutral, love) toward risk.

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Expert Solution

If liability insurance is not mandatory for auto drivers then also I will still prefer to purchase it because my attitude to risk is averse, this is because I will try my best to avoid all the type of risk at any cost. Otherwise in next time the burden will come to me in case of any accident. After taking the policy I will have Peace of Mind. The people may get upset with me, they may hit my vehicle. I will not prefer to take risk at all. So my attitude is averse toward the risk


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