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 ones 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. drag three sentences into the appropriate order to create the best summary of the passage. 1. 2. 3. insurance companies profit from those who dont use the insurance. insurance has existed since the year 4000 bce. insurance companies use group funds to pay individuals. insurance protects a persons 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 ones 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. drag three sentences into the appropriate order to create the best summary of the passage. 1. 2. 3. insurance companies profit from those who dont use the insurance. insurance has existed since the year 4000 bce. insurance companies use group funds to pay individuals. insurance protects a persons life and property.

Answer

Brief Explanations:

The passage first introduces insurance as a way to protect life and property. Then it mentions its long - standing history starting from 4000 BCE. Finally, it states how insurance companies operate by using group funds to pay individuals.

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.