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If i lost some merchandise worth 100 insured 1000 does insurance company lose or benefit?
Wiki User
∙ 15y ago
The insurance company would lose money. Sure, you are insured for $1000 but the company had to pay $100 out of pocket. However, your premiums will eventually repay the company for the loss, and they will once again profit from you.
Wiki User
∙ 15y ago
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