Insurance reduces the extent of financial loss connected with uncertain events

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Looking for the answer to the question below related to Insurance?

Insurance reduces the extent of financial loss connected with uncertain events

 Options:

 

  • A. True
  • B. False
  • C. To the extent of insurance cover
  • D. Does not reduce the loss at all

 

The Correct Answer Is:

  • C. To the extent of insurance cover

Conclusion

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