I do not know much about insurance, it's definition, what it's all about until I took up a subject in insurance. I never fully grasp what insurance means back then. I think the importance of insurance has been undermined by a lot of people due largely to ignorance about what it’s all about.
What may be insured? In my study on insurance, although this one is more on the legal aspect, any contingent, or unknown event, whether past or future, which may damnify a person having an insurable interest or create a liability against him may be insured against. There are many insurance contracts available such has life insurance, health insurance, Truck Insurance or car insurance, and accident insurance.
Insurance can save people a lot of money. An insurance will answer for all loss, damages brought about by contingencies. Instead of paying for a large amount of money directly from your pockets in cases of accidents in life or in property, the insurance will take care of this, as long as there is no negligence or fault of your part as the insured. It is imperative for people nowadays to get the insurance for their lives and their properties, not only because of the financial reasons but because it can give one the needed peace of mind knowing when something bad happens there’s the insurance that will help you and your family, especially in injury to life and limb.
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