Mastering Uncertainties

Insurance is a contract in which an individual or entity pays an insurance company in exchange for financial protection or reimbursement of losses resulting from a covered event.

Insurance is important because it provides protection and financial reimbursement for unexpected losses or damages.

A policy is a contract in which an individual or entity pays a premium in return for financial protection and reimbursement of damages from an insurance company.

<p>Individuals and entities pay premiums to insurance companies in order to obtain financial protection and reimbursement for potential damages or losses.</p> Signup and view all the answers

<p>The purpose of insurance is to provide individuals and entities with financial protection and reimbursement for unexpected losses or damages.</p> Signup and view all the answers

<p>Life</p> Signup and view all the answers

<p>guarantees</p> Signup and view all the answers

<p>loss</p> Signup and view all the answers

<p>established</p> Signup and view all the answers

<p>careful</p> Signup and view all the answers