Is there an error in the following statement? If yes, explain.
“If your premium is too high, you could most likely lower it by talking to your insurance company and either raising your deductible or lowering your co-payment.”
(1 point)
Responses
Yes, there is an error because raising the deductible on an insurance policy would raise the premium instead of lowering it.
Yes, there is an error because lowering the co-payment on an insurance policy would raise the premium instead of lowering it.
Yes, there is an error because deductibles are fixed values for each type of insurance and do not change between policies.
No, there is not an error.