Insurance is a form of risk management in which the insured transfers the cost of potential loss to the insurer in exchange for financial protection against that loss. The purpose of insurance is to protect the policyholder from financial losses resulting from unforeseen events, such as accidents, fires, and natural disasters. There are many different types of insurance policies available, and each one provides coverage for specific types of risks. Some of the most common types of insurance include life, health, auto, homeowners, and business insurance. There are many benefits…
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