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14 November, 02:39

How can insurance protect you from financial loss?

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  1. 14 November, 02:59
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    Answer:Insurance policies offer protection against economic loss, that is, loss or damage which can be measured in purely financial terms and compensated by money. When you buy homeowners property insurance.

    Explanation:

    When you buy homeowners property insurance, for example, you are insuring only the economic value of the home, i. e., the cost to repair or rebuild it.
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