In the absence of legal requirements,insurance is most attractive to

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Those with the highest likelihood of filing a claim are the most attracted to insurance because it provides financial protection in the event of an unexpected loss. The wealthy may be able to self-insure and the poor may not have the means to pay for insurance premiums, but those with the highest likelihood of filing a claim see insurance as a way to mitigate their financial risk.

In the Absence of Legal Requirements,insurance Is Most Attractive to