What is Insurance ???
Insurance is a contract between an insurance company and a policyholder that protects against financial losses. In exchange for a regular payment called a premium, the insurance company pays the policyholder for covered losses. How does insurance work? The policyholder pays a premium to the insurance company. The insurance company agrees to pay the policyholder for covered losses. The policyholder receives financial protection in the event of a covered loss. What are the different types of insurance? Health insurance : Covers medical expenses like hospital stays, injuries, and routine visits Life insurance : Pays a beneficiary when the policyholder dies Auto insurance : Covers property damage, collisions, and other incidents Homeowners insurance : Covers damage to your home from accidents, natural disasters, and other risks Disability insurance : Provides income payments to people who can't work due to illness...