Answer: What is the risk of losing or damaging the phone?
Step-by-step explanation:
Insurance is a form of protection from a financial loss. After purchasing the phone for $200, if the student is offered protection insurance for the phone, the main thing to consider is the risk of losing or damaging the phone.
The value of buying insurance for a cell phone is simply for the person to be able to replace the cell phone in case of a scenario whereby the phone is lost or stolen.