Question

Insurance is a financial service that allows a


1.consumer to transfer all risk to a company.
2.company to control finances for a consumer.
3.consumer to share liability with a company.
4.company to maximize risk for a consumer.

Answer 1

consumer to share liability with a company.

Answer 2

Insurance is a financial service that allows a 3. Consumer to share liability with a company.

Insurance provides protection against a possible event for a consumer. If a consumers gets into a situation where they need insurance, the insurance company becomes liable for the consumer if they need to pay for damages. The insurance company represents the consumer and protects them in an event that requires them to step in.