Select the four statements that are true about insurance.

The deductible is the amount of money an insured person must pay per coverage period before
the insurance company pays out on the claim.

The insurance company will pay for all damages your policy covers regardless of how the damage
happened.

An insurance policy can include an insurance limit, or a maximum payout.

Some insurance policies require the insured person to make a copayment, often a fixed amount,
in addition to the insurance payout.

The maximum amount of money paid in the form of deductibles, coinsurance payments, and
copayments is called the out-of-pocket maximum.

The premium is the amount of insurance coverage stated in the insurance contract.