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By the end of the 19th century, what major types of insurance had developed?

User Heximal
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Final answer:

By the end of the 19th century, the major types of insurance that had developed included health insurance, car insurance, house or renter's insurance, and life insurance.

Step-by-step explanation:

By the end of the 19th century, several major types of insurance had developed. These included:

  • Health insurance: This type of insurance pays for medical care when individuals need it.
  • Car insurance: Car insurance pays for damages to the insured person's car in case of an automobile accident.
  • House or renter's insurance: This insurance pays for possessions that are stolen or damaged by fire in a house or rental property.
  • Life insurance: Life insurance provides a payout to the insured person's family in case of their death.
User Dax
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