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Why is insurance necessary?

In: Insurance, Commercial Insurance [Recategorize]

[Edit]

for the tranference of extraordinary risk

First answer by Wholelotsarocker. Last edit by Wholelotsarocker. Contributor trust: 166 [recommend contributor]. Question popularity: 8 [recommend question]

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Answers.com > Wiki Answers > Categories > Business and Finance > Insurance > Why is insurance necessary?