Understanding insurance can be tricky, so it's crucial to have a working understanding of your coverage and what you need. This can make a major difference in the price you will pay, as allow you to understand how your choice of insurance will protect your lifestyle, assets, and personal property.
Insurance Is About Financial Security and Protecting Your Independence
It may seem like you need to study volumes of books and information to understand insurance, but at its core, the principle of insurance is very basic:
"When you have something to lose, and you know that you could not afford to pay for a loss yourself, insurance provides a way for you to protect your investment, lifestyle, and assets by paying a small amount of money every month in exchange for the assurance that if something goes wrong, the insurance company will have your back in the form of financial compensation."
Read Article: https://www.thebalance.com/personal-insurance-4073983