Insurance
Insurance
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.
Types of Insurance
There are many types of insurance, each designed to protect against a specific risk. Some of the most common types of insurance include:
Health Insurance
Health insurance helps cover costs associated with medical care, including doctor visits, hospital stays, and prescription drugs. There are many different types of health insurance plans available, each with its own set of benefits and costs.
Auto Insurance
Auto insurance protects against losses resulting from car accidents. It can cover damage to your car, as well as injuries to you and other people. Auto insurance is required by law in most states.
Homeowners Insurance
Homeowners insurance protects against losses to your home and belongings from fire, theft, and other covered perils. It can also provide liability coverage in case someone is injured on your property.
Life Insurance
Life insurance provides a death benefit to your beneficiaries when you die. It can be used to pay for funeral expenses, outstanding debts, or to provide financial support for your loved ones. There are many different types of life insurance policies available, each with its own set of benefits and costs.
