Question
What do insurance companies do?
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8th Dec 2009 by Gary
Insurance companies provide products where they pool the money of a large number of people together in order to pay for a variety of circumstances which could otherwise be impossible to financially handle. For example, health care, car accidents, business insurance, renters insurance, and many other types of insurance you may need. In a sense, the insurance company is an aggregator of funds to apply toward individually needs arising from the circumstances of life.
Insurance companies provide products where they pool the money of a large number of people together in order to pay for a variety of circumstances which could otherwise be impossible to financially handle. For example, health care, car accidents, business insurance, renters insurance, and many other types of insurance you may need. In a sense, the insurance company is an aggregator of funds to apply toward individually needs arising from the circumstances of life.
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26th Oct 2009 In Insurance
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Subjects: insurance companies,