Ask Question
Today, 13:27

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

+5
Answers (1)
  1. Today, 16:09
    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?
Find an answer to your question ✅ “1: Explain how insurance transfers risk to a third party. ...” in 📘 Physics if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers