Difference between revisions of "Insurance Europe"
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Latest revision as of 08:04, 2 December 2022
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The danger introduced by any given person is assumed collectively by the neighborhood who all bear the worth of rebuilding misplaced property and sustainabilipedia.org supporting folks whose needs are all of a sudden higher after a loss of some sort. In supportive communities where others may be trusted to follow neighborhood leaders, this tacit form of insurance can work. In this way the group can even out the extreme variations in insurability that exist among its members. Some further justification is also offered by invoking the moral hazard of explicit insurance contracts.
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