select the correct answer. what is the term for protection that guarantees payment to you in the event of…
select the correct answer. what is the term for protection that guarantees payment to you in the event of financial loss? a. claim b. insurance c. premium
Answer
Brief Explanations:
Insurance is a contract - based protection that guarantees payment in case of financial loss. A claim is a request for payment, and a premium is the amount paid for insurance.
Answer:
B. insurance