Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a …

Aug 7, 2025 · Insurance is a legal contract in which an insurer (insurance company) indemnifies another against covered losses from specific contingencies and/or perils.

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insurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain …

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