Insurance is a way of transferring a potential loss to the insurance company in exchange for a fee, also known as a premium. Insurance companies invest these funds securely so they can grow, and then pay out when there’s a claim.
Insurance can help you:
- Own a home. Home Owner’s Insurance is especially useful if you’re applying for a mortgage as they’ll want to know your home is protected. It can also help protect you from weather related damages to the home ...