[Answer] What do insurance companies pay to compensate consumers after a loss?

Answer: payouts
What do insurance companies pay to compensate consumers after a loss?

Payment protection insurance also known as credit insurance credit protection insurance or loan repayment insurance is an insurance product that enables consumers to ensure repayment of credit if the borrower dies becomes ill or disabled loses a job or faces other circumstances that may prevent them from earning income to service the debt. It is not to be confused with income protection …

Fri May 06 2005 14:30:00 GMT-0400 (Eastern Daylight Time) · Liability insurance is a part of the general insurance system of risk financing to protect the purchaser from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims that come within the coverage of the insurance policy. Originally individual companies that faced a common peril formed a group and created a self-help fund out of which to pay compensation …

Fri May 06 2005 14:30:00 GMT-0400 (Eastern Daylight Time) · Liability insurance (also called third-party insurance ) is a part of the gen…

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