What do you know about Insurance

Question

Accepted Answer

Insurance is a contract between an individual and an insurance company, providing financial protection against potential losses.

Insurance is a form of risk management.
It involves the transfer of the risk of a potential loss from an individual to an insurance company.
Insurance policies are purchased to protect against various types of risks, such as property damage, liability, or health issues.
Premiums are paid by the insured to the insurance company in exchange for coverage.
Insurance can provide financial compensation or reimbursement in case of covered losses or events.
Examples of insurance types include auto insurance, health insurance, life insurance, and property insurance.

Accepted Answer

Insurance is a way to protect your goods from financial loss.In case of damage or theft or loss it can support you or your family financially and can cover your loss as mych you assumed to be covered

What do you know about Insurance

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