The Purpose of Insurance Is to Help Protect You and Your

question 49

True/False

The purpose of insurance is to help protect you and your family against possible financial loss.

---

Definitions:

Property Rights

Legal rights to own, use, and dispose of assets including both tangible and intangible properties.

Violate

To break or fail to comply with a rule, law, agreement, or principle.

Subsurface Rights

Legal rights to use and exploit the area beneath the surface of a piece of land, including the rights to extract minerals, oil, and gas.

Pass Title

The transfer of ownership rights of a property or asset from one party to another, typically through a legal document or deed.