Insurance is a contract between an individual or entity (the insured) and an insurance company (the insurer). The insured agrees to pay a premium, and the insurer agrees to cover a portion or all of the costs associated with certain types of losses or damages specified in the insurance policy. There are various types of … Read more
Insurance is a contract in which an insurer promises to pay the insured party a sum of money in the event of certain losses, damages, or death, in exchange for a premium paid by the insured party. The concept of insurance dates back thousands of years – merchants in ancient Babylon would pay an additional … Read more
Auto insurance is essential for all drivers in the United States. Nearly every state requires drivers to have a minimum level of liability insurance in order to legally operate a vehicle. Auto insurance protects drivers from financial loss in the event of an accident, damage to their vehicle, or theft. It also provides coverage for … Read more
