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fomenos
3 years ago
12

Which statement best describes the term insurance?

Business
2 answers:
olchik [2.2K]3 years ago
8 0
B) It is a protection that guarantees to pay you in the event of financial losses.
lions [1.4K]3 years ago
4 0

Which statement best describes the term insurance?

B) It is a protection that guarantees to pay you in the event of financial losses.

Insurance protects a person and their assets in the event they have suffered loss, damage, illness or death. A person or company pays another company or government agency an insurance fee and the fee then covers their insurance. In the event you need to file a claim, you would pay your deductible amount and then the insurance policy will come into play and cover the loss of assets.

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