ketty24 ketty24
  • 13-05-2020
  • Physics
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1: Explain how insurance transfers risk to a third party.

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zacvega
zacvega zacvega
  • 13-05-2020
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.
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