Q613
Identify the correct statement
A.
Assets are protected by insurance
B.
Insurance prevents loss to assets
C.
Insurance compensates for the loss of the value of assets
AnswerD.
Probabilities of loss are considerably reduced by insurance
Answer: Option C
Solution
Answer: Option C
Solution:
Insurance compensates for the loss of the value of assets. Coverage may also include compensation for being unable to use the item or for other damages caused by the item's loss.