What is insurance? What is insurance? Simply put, it’s a contract between two people in which one party (the insurer) agrees to provide financial protection to the other party (the insured) in the event of a loss. The goal of insurance is to protect people from potential financial losses, and usually costs nothing to purchase. In fact, most people are already covered by insurance through their jobs or government programs like Medicare or Medicaid. There are several different types of insurance, and each offers its own benefits and drawbacks. Auto…
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