What is the primary purpose of insurance

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asked Oct 8, 2019 152k views

2 Answers

Dboswell · Answer 1 · 2019-10-10T01:06:48+0000

The general purpose of insurance, is to provide economic protection against losses that may have happened due to a chance happening or event. An insurance policy provides this protection by gathering funds to meet those losses.

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What is the primary purpose of insurance

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