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Promt what is insurance?​
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14 votes
14 votes
Promt
what is insurance?​

User Peter Cullen
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2 Answers

11 votes
11 votes

Answer:

Insurance is a contract in which an insurer promises to pay the insured party a sum of money if an event occurs in the future and in return for regular small payments known as premiums

Step-by-step explanation:

User Tstojecki
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2.8k points
18 votes
18 votes

Answer:

is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.

User Linpingta
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