What is Property Insurance? Property insurance is a broad term that refers to any insurance policy designed to protect your physical assets—such as a home, personal belongings, or business property—against potential risks and damages. These risks may ...
What Is Business Insurance and How Does It Work?
What is Business Insurance? Business insurance is a broad term that refers to any insurance policy designed to protect businesses from financial loss due to unexpected events. It typically covers a variety of risks, including property damage, liabilit ...
What Is Health Insurance and How Does It Work?
What is Health Insurance? Health insurance is a contract between an individual and an insurance company where the individual pays regular premiums in exchange for coverage that helps pay for medical services. These services can include doctor visits, ...
What Is Car Insurance and How Does It Work?
What Is Car Insurance? Car insurance is a contract between a vehicle owner and an insurance company that provides financial protection in the event of an accident, theft, or damage to the vehicle. The policyholder pays a premium to the insurer in exch ...
What Is Homeowners Insurance and How Does It Work?
What Is Home Insurance? Home insurance is a contract between you and an insurance company that provides financial protection in the event of damage to your home, its contents, or liability for accidents that occur on your property. The policyholder (y ...
Insurance: Definition, How It Works, and Main Types of Policies
What is Insurance? At its core, insurance is a contract between you and an insurance company that provides financial protection against risks or losses. The policyholder (you) pays a regular premium to the insurer in exchange for coverage. When an ins ...