Insurance is when you pay another person organization to secure a risk. For example ,if yor own a car you are required to Secure car insurance with the minimum coverage of third party, fire and theft you pay the insurance company the set amount of money and if you cause damage to another person’s vehicle or property your insurance company will compensate the person who is making the claim against you .
Car
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Insurance
terms explained
Wondering
what all the terminology in your insurance policy
means? Our glossary can help you cut through the
cornucopia of insurance terms out there.