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Business, 06.10.2019 05:30 kquestion

Eleanor paid an annual premium of $2,000 in total coverage for her homeowner's insurance, including $250,000 in damage coverage and $250,000 in liability coverage. six years into her policy, a tree fell on eleanor's home and caused $40,000 worth of damage. eleanor's insurance company paid the claim. did the cost of the benefit of transferring the risk to the insurance company outweigh the cost of the premium?

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Eleanor paid an annual premium of $2,000 in total coverage for her homeowner's insurance, including...

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