WHAT IS INSURANCE?
An insurance means a
promise of reimbursement in the case of loss; which is paid to
people or companies so concerned about hazards that they have
made earlier prepayments to an insurance company.
This share the costs of the risk of incurred losses, whether for
health expenses or property and casualty losses, across a base
large enough to protect any one entity against the actual costs
of an incurred loss. this gives a
Protection from certain losses in the future in exchange for
periodic payments. You can buy insurance that will pay you
specific amounts in case of injury, death, accident, or other
TYPE OF INSURANCE
Homeowners' / tenants' insurance
Term Life Insurance