Insurance allows someone to

Name: Insurance allows someone to
Brand: Quizplus
Rating: 4.9 (38 reviews)

Question

Quizplus · Accepted Answer

Insurance allows you to shift the risk from yourself to the insurance company. Essentially, you pay premiums to the insurance company to assume the risk of loss, damage or liability that you may face in the future. This way, you transfer the financial burden of an unexpected event to the insurance company. However, insurance does not eliminate or avoid risk entirely, it only helps to mitigate it.

Insurance Allows Someone to