All insurance is based on a principle called?
All insurance is based on a principle called risk. Risk is the chance of something happening and when it does, it can cause financial or emotional damage.
The first form of insurance was life insurance, which was created to provide a financial safety net for survivors when the breadwinner dies. With life insurance, you pay a small monthly fee to an insurer in return for a lump-sum payment upon your death.
Another form of insurance is home and property insurance. This type of coverage provides protection against the risk that your home or property may be damaged by fire, water, theft or other hazards.
Insurance is a type of risk management. It is a means of transferring the risk from one entity to another.
Insurance companies are in the business of transferring risk from their customers to themselves. They do this by charging premiums for their services and then paying out claims when it is necessary.
In a car insurance policy collision insurance covers
Collision insurance is a type of car insurance that covers the damages to your vehicle caused by a collision.
The cost of collision insurance depends on the type of policy you choose and the coverage limits. Collision coverage is usually included in comprehensive and all-perils policies, but you can purchase it separately as well.
Collision insurance covers damage to your car or other vehicle in a collision with another car, animal, or object.
Collision insurance covers damage to your car or other vehicle in a collision with another car, animal, or object. It differs from comprehensive coverage in that it only covers the cost of repairing the vehicle and not any additional costs associated with the accident.
Which of the following best describes term life insurance weegy?
Term life insurance is a type of insurance that provides coverage for a specific time period.
Term life insurance is a type of insurance that provides coverage for a specific time period. It pays out benefits to your beneficiaries if you die during the term, but it costs less than permanent life insurance.
Term life insurance is the most popular form of life insurance because it offers protection for a specified period of time.
Term life insurance provides protection against unexpected death or terminal illness.
It does not provide any coverage after the term expires.
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What do the letters clu stand for in relation to an insurance agent?
Clu is short for “claims.” It’s a term that is used in the insurance industry to refer to an individual’s claim.
The letters clu stand for “claims.” It’s a term that is used in the insurance industry to refer to an individual’s claim.
What type of stock receives an equal part of the profits?
The type of stock that receives an equal share of the profits is called a “partnership.”
In a partnership, each partner has an equal right to the profits.
This is in contrast to other types of stock, such as common stock and preferred stock, which may have different rights to the profits.
Car insurance that pays for your injuries weegy?
Car insurance is a type of insurance that covers the cost of damage to or destruction of a car and the liability for injury to its driver and passengers.
There are many different types of car insurance, but they all share some common features. The most important feature is that the driver must have some form of liability coverage in case he or she injures someone else with his or her vehicle. The other major component is physical damage coverage, which pays for damages to one’s own vehicle caused by an accident.
What should be the top item on a list of your life goals?
A list of goals is very important for anyone who wants to achieve success. These goals should be set in a way that it is measurable, realistic and achievable.
The top item on this list should be the goal that will have the largest impact on your life. It could be a goal that will help you make more money or lose weight.
Your blank should furnish enough money to live on?
It is not easy to live without money. Money is needed for food, clothes, and shelter. It helps with the needs of life. There are many people who do not have enough money to live on. They need help from the government or from other sources.
Some people might argue that because they have a good driving record, they don’t need to purchase car insurance. But even if you are a good driver and have never been in an accident, you still need to pay for car insurance because there is always the possibility that you could get into an accident in the future.
The conclusion of the article is that insurance is based on a principle called risk. It is important to understand how risk works in order to understand the way insurance works.