what is insurance ?

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https://www.investopedia.com/terms/i/insurance.asp

Insurance Definition – investopedia.com
https://www.investopedia.com/terms/i/insurance.asp
Key Takeaways Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or… There many types of insurance policies. Life, health, homeowners, and auto are the most common forms of insurance. The core components that make up most insurance …

https://en.wikipedia.org/wiki/Insurance

Insurance – Wikipedia
https://en.wikipedia.org/wiki/Insurance
Casualty insurance Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal… Terrorism insurance provides protection against any loss or damage caused by terrorist activities. In the United States… Kidnap and ransom insurance is …

https://www.merriam-webster.com/dictionary/insurance

Insurance | Definition of Insurance by Merriam-Webster
https://www.merriam-webster.com/dictionary/insurance
English Language Learners Definition of insurance. : an agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen.

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Insurance : Importance, Types and Benefits
https://cleartax.in/s/insurance
Insurance is a legal agreement between two parties i.e. the insurance company (insurer) and the individual (insured). In this, the insurance company promises to make good the losses of the insured on happening of the insured contingency. The contingency is the event which causes a loss.

https://www.moneyadviceservice.org.uk/en/articles/what-is-insurance

What is insurance? – Money Advice Service
https://www.moneyadviceservice.org.uk/en/articles/what-is-insurance
These are the three main steps: Choose a policy. An insurance policy is a document that lists exactly what you are or aren’t protected against. For… Pay the premium. The premium is the amount you pay each month or year (or sometimes just once) to have the insurance. Make a claim. If something …

https://simple.wikipedia.org/wiki/Insurance

Insurance – Simple English Wikipedia, the free encyclopedia
https://simple.wikipedia.org/wiki/Insurance
Insurance is a term in law and economics. It is something people buy to protect themselves from losing money . People who buy insurance pay a premium (often paid every month) and promise to be careful (a duty of care).

https://www.acko.com/articles/general-info/types-of-insurance/

What are the Different Types of Insurance – General & Life …
https://www.acko.com/articles/general-info/types-of-insurance/
A general insurance is a contract that offers financial compensation on any loss other than death. It insures everything apart from life. A general insurance compensates you for financial loss due to liabilities related to your house, car, bike, health, travel, etc. The insurance company promises to pay you a sum assured to cover damages to your vehicle, medical treatments to cure health problems, losses due to theft or fire, or even financial problems during travel.

https://en.wikipedia.org/wiki/Life_insurance

Life insurance – Wikipedia
https://en.wikipedia.org/wiki/Life_insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money (the benefit) in exchange for a premium, upon the death of an insured person (often the policy holder).

https://www.insuranceopedia.com/definition/2430/insurance-risk

What is an Insurance Risk? – Definition from Insuranceopedia

Insurance Risk

An insurance risk is a threat or peril that the insurance company has agreed to insure against in the policy wordings. These types of risks or perils have the potential to cause financial loss such as property damage or bodily injury if it were to occur.

https://www.thebalancesmb.com/what-are-insurance-conditions-4050510

Insurance Conditions: What Are They?
https://www.thebalancesmb.com/what-are-insurance-conditions-4050510
Insurance conditions are requirements that need to be met for the coverage to be valid. They may address issues like how notice of a claim should be given and what the insured party should do in the event of a loss. Learn more about insurance conditions and how they work. What Are Insurance Conditions?