Question and answer
What is the basic purpose of insurance? A. to protect you from creditors B. to better manage your tax burden C. to help you make a profit if you file a claim D. to reimburse you for your loss
The basic purpose of insurance is to reimburse you for your loss.
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Expert answered|debnjerry|Points 8743|
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Asked 1/30/2011 11:43:24 PM
Updated 7/24/2019 3:04:45 AM
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This answer has been confirmed as correct and helpful.
Confirmed by jerry06 [7/24/2019 3:04:06 AM], Edited by jerry06 [7/24/2019 3:04:45 AM]
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Questions asked by the same visitor
What type of account is held by the mortgage lender and used to cover property taxes and homeowner's insurance? A. assessed account. B. escrow account. C. reserve account. D. tax account.
Weegy: Tax (More)
Question
Expert Answered
Updated 1/24/2015 6:55:17 AM
1 Answer/Comment
An escrow account is held by the mortgage lender and used to cover property taxes and homeowner's insurance.
Added 1/24/2015 6:55:16 AM
This answer has been confirmed as correct and helpful.
Confirmed by sujaysen [1/24/2015 1:56:48 PM]
When you purchase insurance, what are you doing? A. Retaining the risk of a loss. B. Reducing the risk of a loss. C. Avoiding the risk of a loss D. Transferring the risk of a loss.
Weegy: D. Transferring the risk of a loss. (More)
Question
Updated 2/22/2017 11:14:57 AM
1 Answer/Comment
When you purchase insurance, you are reducing the risk of a loss.
Added 2/22/2017 11:14:57 AM
This answer has been confirmed as correct and helpful.
Confirmed by Janet17 [2/22/2017 11:27:47 AM]
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