What do insurance companies pay to compensate consumers after a loss

Insurance companies carry out compensations for damages or losses when the consumers had suffered from a kind of problem with a product or service, as well as a lost. These compensations are known as "payouts". The consumers may get the payouts when they decide to repair, replacement or refund rights. In the case of accidental death, life insurance benefits are paid to the beneficiaries by submitting a certified copy of the death certificate.

C. payouts

Explanation:

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