Question

what is insurance? types of insurance?​

Answer 1

Auto insurance protects the policyholder against financial loss in the event of an incident involving a vehicle they own, such as in a traffic collision. Coverage typically includes: Property coverage, for damage to or theft of the car.

Answer 2

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.

Insurance policies are used to hedge against the risk of financial losses, both big and small, that may result from damage to the insured or her property, or from liability for damage or injury caused to a third party.


When it comes to insurance, there are basically five types that everyone needs.

Health Insurance. This is the big one. ...Car Insurance. ...Homeowner's or Renter's Insurance. ...Life Insurance. ...Disability Insurance. ...