Information about Insurance

Insurance is a way to protect yourself financially against unexpected losses or risks. You pay a company (the insurer) a regular fee called a premium, and in return, they help cover certain costs if something goes wrong.

🔑 How insurance works

• You choose a policy (what you want covered)

• You pay premiums (monthly, quarterly, or yearly)

• If a covered event happens, you file a claim

• The insurer pays part or all of the cost (depending on your coverage, deductible, and limits)