The compensation the insured gets depends heavily on the?

The question is asking about the factor that determines the amount of compensation an insured person receives.

The options are:

- Option A: economic situation

- Option B: premium paid (Correct)

- Option C: risk suffered

- Option D: insurer's buoyancy

In insurance, when a person pays for an insurance policy (known as a premium), they are essentially entering into a contract with the insurance company. This contract states that if a certain event occurs, such as a car accident or a fire, the insurance company will provide compensation to the insured person.

The amount of compensation the insured person receives depends on the premium they paid. The premium is the amount of money the insured person pays to the insurance company in exchange for coverage. The higher the premium, the more coverage the insured person will have, and therefore, the higher the compensation they will receive in the event of a claim.

Therefore, the correct answer is Option B: premium paid. The amount of compensation the insured person gets heavily depends on the premium they paid.

To learn more about insurance and how it works, please read the relevant sections of the recommended textbooks.