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The insurance company assumes the financial risk of covering these events in exchange for the premiums paid by the policyholder. There are many different types of insurance,

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Marine Insurance

Marine insurance is a type of insurance policy designed to provide coverage

01

Marine Insurance

Marine insurance is a type of insurance policy designed to provide coverage

02

Car Insurance

Car insurance is a type of policy that provides financial protection in case of

02

Car Insurance

Car insurance is a type of policy that provides financial protection in case of

03

Fire Insurance

Fire insurance is a type of insurance policy that provides coverage for losses

03

Fire Insurance

Fire insurance is a type of insurance policy that provides coverage for losses

04

Home Insurance

Home insurance is a type of insurance policy that provides coverage for damages

04

Home Insurance

Home insurance is a type of insurance policy that provides coverage for damages

05

Marine Insurance

Marine insurance is a type of insurance policy designed to provide coverage

01

Marine Insurance

Marine insurance is a type of insurance policy designed to provide coverage

06

Car Insurance

Car insurance is a type of policy that provides financial protection in case of

02

Car Insurance

Car insurance is a type of policy that provides financial protection in case of

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Insurance is a contract between an individual or an organization (the policyholder) and an insurance company, where the policyholder pays a premium in exchange for protection..

What is the purpose of insurance ?

The purpose of insurance is to protect individuals, businesses, and other entities from financial losses due to unexpected events or accidents. Insurance provides a way to transfer the risk of loss..

Insurance works by pooling together the risks of many individuals or organizations and distributing the financial costs of unexpected losses among the members of the pool. Insurance companies..