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Insurance 21 Notes

Insurance provides protection from financial loss by transferring risk. It covers common personal risks like health, home, auto or commercial risks for businesses. An ideal insurable loss is accidental, discrete, large in cost and able to be distributed over many policyholders to keep premiums affordable. Insurance offers financial protection and peace of mind for unexpected expenses.

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Dinesh Sanagavarapu
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47 views1 page

Insurance 21 Notes

Insurance provides protection from financial loss by transferring risk. It covers common personal risks like health, home, auto or commercial risks for businesses. An ideal insurable loss is accidental, discrete, large in cost and able to be distributed over many policyholders to keep premiums affordable. Insurance offers financial protection and peace of mind for unexpected expenses.

Uploaded by

Dinesh Sanagavarapu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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Understanding Insurance
Major Roles of Insurance
Common Types of Personal and commercial insurance
Ideally Insurable Loss Exposures
Benefits of Insurance
Costs of insurance
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