Answer: B. financially protect against unexpected accidents
Explanation:
Insurance is known to be an agreement between an insurance company and an individual or person known as the insured. In this form of agreement, the insured pay a certain amount of money to the insurance company and the insurance company in turn cover up the expenses or cost of the insured. Furthermore, the insurance company provides the insured with financial coverage against risk in case of unforeseen occurrences such as financial loss, death, accidents or illness. Thus, the amount of money which the insured paid is known as insurance premium.
