Ask Question
14 August, 09:34

1: Explain how insurance transfers risk to a third party.

+5
Answers (1)
  1. 14 August, 12:17
    0
    Insurance takes the financial burden off of a single party and puts it onto a collection of people who pay a fee instead. This reduces risk to each person who pays into insurance as 'any unexpected fees will be covered.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “1: Explain how insurance transfers risk to a third party. ...” in 📙 Physics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers