Business, 11.11.2019 23:31 Scoopaloop

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? (5 points)

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