10+ Insurance Definition Economics Quizlet Gif. An agreement in which you pay a company money and they pay your costs if you have an accident…. Total loss by insured peril to a building, structure, mobile homes or manufactured housing unit, the insurer must pay amount provided in policy for which premium has been paid.
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Investopedia's comprehensive financial terms dictionary with over 13,000 finance and investment definitions. Investopedia's comprehensive financial terms dictionary with over 13,000 finance and investment definitions. Submissions tenuously related to economics, light on insurance is less risky the more people buy into it, wouldn't the same apply for a social democracy? It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss.
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