Insurance

Insurance is a financial arrangement that provides protection against various risks and unexpected events. Individuals or entities pay regular premiums to an insurance company in exchange for a policy that offers compensation or coverage in case of specific losses or damages. Insurance is designed to mitigate financial risk by providing financial support in situations like accidents, illnesses, property damage, or loss of life. It comes in various forms, such as health insurance, auto insurance, life insurance, and property insurance, and plays a crucial role in helping individuals and businesses manage unforeseen challenges and maintain financial security.