Understanding Insurance
Insurance is a financial product that provides protection against potential future losses. It is essential for individuals and businesses alike to understand the various types of insurance available to them.
Types of Insurance
- Auto Insurance: Protects against financial loss in the event of an accident.
- Health Insurance: Covers medical expenses for illnesses and injuries.
- Life Insurance: Provides financial support to beneficiaries after the policyholder's death.
Each type of insurance serves a unique purpose and can be tailored to meet specific needs.