Insurance - About Insurance
Insurance : A legal agreement or contract with an insurance company that provides for reimbursement in the case of damage or theft or loss. Basically it is indemnity against a particular adverse event, for example burglary, If you're burgled, insurance can pay for you to replace the things that were taken, a health insurance will pay for the cost of hospital treatment etc. see also
insurance glossary (Glossary of Insurance Terms).
Why should people take insurance? Types of insurance
There are many different types of insurance for example car insurance, home insurance, health insurance, pet insurance. Insurance can be classified into two major categories. They are pure protection and general insurance?
1. Pure protection insurance includes: life insurance, critical illness insurance, income protection insurance; and payment protection
2. General insurance includes: motor insurance, household insurance, travel insurance health cover; and pet insurance. Types of insurance :
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