Which term describes the restoration of the insured person to the financial position he or she say he or she was in before the loss occurred

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Mathematics

Shah

12 August, 03:48

Which term describes the restoration of the insured person to the financial position he or she say he or she was in before the loss occurred

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Sammy Lee · Answer 1

Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.