Insurance

Insurance is a contract, represented by a policy, in which a policyholder purchases financial protection or reimbursement against losses from an insurance company. Insurance is a way to manage risk. When you buy insurance, you purchase protection against unexpected events that cause financial losses. Companies pool client risk to make payments more affordable for insurance policy holders.

Several types of insurance are available from insurance companies including disability insurance, life insurance, health insurance, homeowners insurance, and auto insurance.