The risk insured by ________ is insurance against financial loss caused by damage, destruction, or loss to property as the result of an identifiable event that is sudden, unexpected, or unusual.

Question

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Property and casualty insurance companies are the only ones that provide insurance against financial loss caused by damage, destruction, or loss to property as the result of an identifiable event that is sudden, unexpected, or unusual. Long-term health care companies provide insurance for long-term health care, disability insurance companies provide coverage for disability, and umbrella insurance companies provide additional liability coverage in excess of other policies.

The Risk Insured by ________ Is Insurance Against Financial Loss