Finance

Learn more about “what insurance is?” and how it functions, including its mechanism and insurance guiding principle.

A contact between an individual (the policyholder) and an insurance company (the provider) is an insurance policy or plan. In accordance with the terms of the agreement, you make regular payments to the insurer—known as premiums—and expect them to compensate you in the event of a calamity—such as an accident, Damage to a house, or […]