Thursday, September 29, 2022
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What Is Insurance?
Insurance

What Is Insurance?

Insurance is a type of contract in which you pay a certain amount, known as a premium, in exchange for insurance coverage. The premium is often a recurring payment, and may be paid monthly, quarterly,…

The Basics of Insurance
Insurance

The Basics of Insurance

A policy is an agreement between an insurance company and a policyholder. The contract is a legal document containing the language that determines what is not covered. An insurance policy is the basis for determining…

Different Types of Insurance
Insurance

Different Types of Insurance

Insurance is a way of protection against financial loss. In most cases, it's a type of risk management, mainly utilized to mitigate the risk of an uncertain or unforeseeable future event. For instance, consider a…

An Introduction to Insurance
Insurance

An Introduction to Insurance

Insurance is a way of protection against potential financial loss due to events outside of ones control. In order to understand how insurance works, it helps to first understand how risk management works. It is…