Question

After a loss, an insurance company   Group of answer choices can take credit for reducing the...

After a loss, an insurance company  

Group of answer choices

can take credit for reducing the risk of the event the owner of the insurance contract experienced.

ignores the owner of the insurance contract.

unencomburs the owner of the insurance contract.

indemnifies the owner of the insurance contract for the financial loss.

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Homework Answers

Answer #1

The correct answer is

indemnifies the owner of the insurance contract for the financial loss.

After a loss, an insurance company indemnifies the owner of the insurance contract for the financial loss.

The role of a insurance company is to compensate the party for the loss he suffered in case the loss is secured and covered in the insurance policy. In case of loss to the party the insurance company will pay for the damage to the owner of the insurance contract.

Other all options are incorrect as it is the duty of the insurance company to compensate the party for the loss he suffered not to ignores the owner of the insurance contract or to take credit or to unencomburs the owner of the insurance contract.

Hope it helps!

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