15
Jun/090
Jun/090
Insurance - A Summary
Insurance is defined as a form of risk management and is taken out to protect a person/entity from the risk of loss. There are a number of types of insurance that can be taken out, I.e. Home insurance, Car insurance, Pet insurance etc. and are designed to be a good way of reducing the risk of a substantial loss to the person who buys the insurance. The amount charged for a certain type of insurance is called the premium. This varies with the type and level of insurance cover, and is considered a small loss to prevent a great loss for the policy holder.
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