The Basics: RISK. Insurance is a system by which risk is transferred by a person, business, or organization to an insurance company, which reimburses the people insured for covered losses and provides for sharing the costs of losses..
Some focus on guaranteeing that insurance coverage is there when it is needed, while others provide the potential for tax-advantaged, cash benefits – which may be used to supplement retirement income..
Is protection for individuals against possible financial losses. Provides protection against many risks such as unexpected property loss, illness and injury. Acts like a safety net for unforeseen events .
NOW THIS POLICY WITNSSETH that during the currency o f this policy or any further period for which it may be in force subject to the limits terms provisions exclusions exceptions and conditions contained herein or en dorsed hereon the Company hereby
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