________ 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/carrying cost
B) Insurance/premium
C) Insurance/dividend
D) Insurance/maintenance fee

Question

Quizplus · Accepted Answer

Insurance is the product that protects people from loss or damage to their property or wealth, and the amount paid to obtain this protection is called the premium. None of the other options accurately describe insurance and its associated cost.

________ Protects People from Having Property or Wealth Stolen, Lost