My cousin and I are going to try to start a business so we needed insurance. The insurance is a 160 something dollars a month and covers 2 1,000,000 dollars accidents. Where do they make there money?
In: Economics
By finding every possible way imaginable to not pay out for claims. They vacuum up that premium payment, invest that money to make more money, and pay out the absolute barest minimum when you make a claim, if they cover it at all.
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