Insurance – All The Basics

What is insurance?

Insurance is a means of providing protection against financial loss in a great variety of situations. It is a contract in which one party agrees to pay for another party’s financial loss resulting from a specified event.

Insurance works on the principal of sharing losses. If you wish to be insured, against any type of loss, agree to make regular payments, called premiums, to an insurance company. In return, the company gives you a contract, the insur…

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Always get a car insurance rate quote before you sign up

Insurance has become a part and parcel of everyone’s life these days. With almost
everything being in the insurance radar, one can, in no way, ignore the importance of
insurance. Insurance covers almost every other commodity from homes and cars to
laptops, mobiles and numerous other items. Life insurance is a big business all over
the world.

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