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JC Business Studies
Asked a question 3 years ago

What is Insurance?

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Insurance is protection against an event that may or may not occur. Eg. I will insure my car, as there is a chance that I could get into an accident.

Insurance is a protection against risk. Insurance provides backup or security to anything you want to get. There are many companies that provide insurance on almost everything. Companies charge some amount in order to provide insurances and customers pay it to get security.

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