Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk …

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Aug 7, 2025 · Insurance is a legal contract in which an insurer (insurance company) indemnifies another against covered losses from specific contingencies and/or perils.

What is insurance? Insurance is an agreement in which a person makes payments to a company and the company promises to pay out money if the person has a specific loss. Depending on your …

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