insurance
Insurance is a financial arrangement that provides protection against unforeseen events and losses. In essence, it is a contract between an individual (or an entity) and an insurance company, where the individual pays a premium in exchange for financial coverage in case of specific risks or damages. Insurance has become an essential part of modern life, offering peace of mind and economic security in times of need. There are various types of insurance designed to cover different aspects of life. The most common forms include life insurance, health insurance, auto insurance, property insurance, and travel insurance. Each serves a unique purpose. For instance, life insurance provides financial support to the family of the insured after their death. Health insurance covers medical expenses, which can be very high, especially in cases of severe illness or accidents. Auto insurance protects against damages to vehicles and third-party liabilities, while property insurance covers damages...