- Created by: moulton7
- Created on: 19-05-17 14:43
- What is insurance?
- Insurance helps you protect yourself against risks like a house fire, car accident or burglary. You can also get insurance that pays you money if you get too ill to work or to provide for your family if you die.
- Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured.Read more: Insurance http://www.investopedia.com/terms/i/insurance.asp#ixzz4hX5jCUqw Follow us: Investopedia on Facebook
- Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.