In the process of buying a new house, Christy's mortgage company requires her to work with an institution that will protect her from financial losses due to accidents, fire, theft, and natural disasters. Which type of institution can provide this protection to Christy and her new home?

Question

Quizplus · Accepted Answer

An insurance company can protect Christy and her home against financial losses from accidents, fire, theft, and natural disasters. In exchange for these services, Christy would pay a fee, called a premium.

In the Process of Buying a New House, Christy's Mortgage