A firm called Nationwide Insurance has recently be advertising an automobile policy with a vanishing deductible....

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A firm called Nationwide Insurance has recently be advertising an automobile policy with a "vanishing deductible. With this policy, the deductible falls $100 per year (with no increase in the price of the policy) for each year that the driver has no accident. In one paragraph, explain the screening benefit to Nationwide of this policy. A firm called Nationwide Insurance has recently be advertising an automobile policy with a "vanishing deductible. With this policy, the deductible falls $100 per year (with no increase in the price of the policy) for each year that the driver has no accident. In one paragraph, explain the screening benefit to Nationwide of this policy.

Answer rating: 100% (QA)

This policy is very effective since the Nationwide will ... View the full answer