Insurance

Insurance is a financial product that provides protection against unexpected events or losses. It involves the transfer of risk from an individual or entity to an insurance company, which in exchange for a premium, agrees to cover the cost of specified losses or damages.

The main types of insurance include:

1. Life insurance: Provides financial protection for your family in the event of your death.
2. Health insurance: Covers medical expenses and helps pay for healthcare services.
3. Auto insurance: Protects you financially in the event of a car accident.
4. Homeowners/Renters insurance: Covers damage to your home or personal property.
5. Liability insurance: Protects you from claims of negligence or accidents that cause harm to others.