Insurance
,What is insurance?
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.
Insurance policies are used to hedge against the risk of financial losses,
both big and small, that may result from damage to the insured or her
property, or from liability for damage or injury caused to a third party.
Insurance premium: An amount to be paid for a contract of insurance.
, Types of insurance
,What is insurance?
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.
Insurance policies are used to hedge against the risk of financial losses,
both big and small, that may result from damage to the insured or her
property, or from liability for damage or injury caused to a third party.
Insurance premium: An amount to be paid for a contract of insurance.
, Types of insurance
