Insurance is a contract between you and an insurance company where you pay a premium in exchange for financial protection against specific risks.
Insurance provides a safety net, helping you manage unexpected expenses caused by accidents, damage, or loss. It offers peace of mind by mitigating financial risks.
Common types of insurance include auto, home, health, life, and travel insurance, each designed to cover different aspects of your life.
When an insured event occurs, you'll file a claim with your insurance company. They'll assess the claim based on your policy's terms and may provide compensation or repairs accordingly.