Actual payments by an insurance company for losses that happen are called:
A. benefits.
B. coverage.
C. premiums.
D. insurable interest
i got B.
4 answers
I believe coverage is the amount and kind of losses for which the insurance company is liable. I think benefits are those received by the insured when losses occur.
the answer is C ?
The answer is A.
You should have picked A from my response. The premium, C, is what we pay the insurance company, usually each month, to buy the policy.
4 answers