what is insurance? what if there were a safety net for your life and property? the concept of insurance is…

what is insurance? what if there were a safety net for your life and property? the concept of insurance is based on the idea that no one can predict the future, in which unfortunate events can occur, and it is therefore important to protect oneself and one’s possessions from harm or loss. insuring against the risks of danger has a long history going back to 4000 bce, when chinese sea merchants protected their goods by dividing them among several ships instead of placing them all in the same vessel. if one of the ships sank during a storm, the merchant would lose only part of his inventory while the rest of the goods escaped loss. in 1752, benjamin franklin organized the first\ndrag three sentences into the appropriate order to create the best summary of the passage.\n1.\n2.\n3.\ninsurance companies profit from those who don’t use the insurance.\ninsurance has existed since the year 4000 bce.\ninsurance companies use group funds to pay individuals.\ninsurance protects a person’s life and property.

what is insurance? what if there were a safety net for your life and property? the concept of insurance is based on the idea that no one can predict the future, in which unfortunate events can occur, and it is therefore important to protect oneself and one’s possessions from harm or loss. insuring against the risks of danger has a long history going back to 4000 bce, when chinese sea merchants protected their goods by dividing them among several ships instead of placing them all in the same vessel. if one of the ships sank during a storm, the merchant would lose only part of his inventory while the rest of the goods escaped loss. in 1752, benjamin franklin organized the first\ndrag three sentences into the appropriate order to create the best summary of the passage.\n1.\n2.\n3.\ninsurance companies profit from those who don’t use the insurance.\ninsurance has existed since the year 4000 bce.\ninsurance companies use group funds to pay individuals.\ninsurance protects a person’s life and property.

Answer

Brief Explanations:

The passage first introduces that insurance protects life and property. Then it mentions its long - standing history since 4000 BCE. Finally, it can be inferred that insurance companies use group funds to pay individuals as part of the insurance mechanism.

Answer:

  1. Insurance protects a person's life and property.
  2. Insurance has existed since the year 4000 BCE.
  3. Insurance companies use group funds to pay individuals.