Insurance is a contract that transfers the risk of financial loss from an individual or business to an insurance company. In exchange for a premium, the insurance company provides protection against potential losses or damages. Continue Reading Below
Insurance is a contract that transfers the risk of financial loss from an individual or business to an insurance company. In exchange for a premium, the insurance company provides protection against potential losses or damages. There are many different types of insurance, including health insurance, life insurance, car insurance, and home insurance. Each type of insurance serves a specific purpose and provides protection against different types of risks. Insurance can help to protect individuals and businesses from financial ruin in the event of an unexpected loss or damage.
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