________ protects people from having property or wealth stolen, lost, or destroyed. There are many kinds, and in order to purchase it you pay a monthly, quarterly, or annual ________.
A) Insurance, premium
B) Insurance, dividend
C) Insurance, carrying cost
D) Protection, dividend
E) Coverage, carrying cost

Question

Quizplus · Accepted Answer

Protection from property loss or damage is provided by insurance. The payment made for coverage is called a premium, which can be made monthly, quarterly, or annually. Dividend and carrying cost are not relevant terms in this context. Similarly, protection and coverage are interchangeable terms in this context, but insurance is the more appropriate and widely-used term.

________ Protects People from Having Property or Wealth Stolen, Lost