BUISENESS MANAGEMENT
INSURANCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Insurance can cover you or your property in case of an accident, theft, or another unpredictable event.
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Insurance can offer easy monthly payment options for premiums.
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Insurance can offer low co-insurance policies.
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Insurance can offer warranties on household items.
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Detailed explanation-1: -When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.
Detailed explanation-2: -Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.
Detailed explanation-3: -It’s important to have insurance so people can protect themselves from losing a lot of money in the event of an unpredictable event or something happens to them or their property.
Detailed explanation-4: -Insurance is a contract in which an insurer indemnifies another against losses from specific contingencies or perils. It helps to protect the insured person or their family against financial loss. There are many types of insurance policies. Life, health, homeowners, and auto are the most common forms of insurance.