What is the purpose of an insurance contract?

What is the purpose of an insurance contract?

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Expert Solution

The primary purpose or objective of an insurance contract is to ensure that even if there is an incident that caused damage, the individual should be in the same position even after the damage us incurred. The objective of the insurance contract is to ensure that it will help managing the damages and financially help the individual to recover.

keosha answered 1 year ago

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