Insurance and its types | Insurance | rates

Insurance: Insurance is a financial arrangement that provides protection against potential future losses or damages. In exchange for regular premium payments, an insurer agrees to compensate the insured for specific risks or occurrences, such as accidents, illness, or property damage.

Types of Insurance:

Health Insurance: Covers medical expenses for illnesses, injuries, and other health conditions.
Life Insurance: Provides a payout to beneficiaries upon the insured's death.
Auto Insurance: Covers damages and liabilities from car accidents.
Homeowners Insurance: Protects against damages to a home and its contents.
Travel Insurance: Covers travel-related risks such as trip cancellations, medical emergencies, and lost luggage.
Business Insurance: Protects businesses from various risks, including liability and property damage.
Disability Insurance: Provides income if the insured becomes unable to work due to disability.