👉 Insurance, like all other forms of protection, can minimize many different losses. But what does that mean? It means that insurance will cover a wide range of costs that you might not have to pay out-of-pocket, like medical bills, funeral expenses, or even damage from natural disasters.
An example sentence could be: "If you were hit by an uninsured driver on the highway, I'm sure they would try to make excuses for your injuries. Insurance can help cover a portion of the costs that come with getting into an accident." So in insurance jargon, it's like having a safety belt, but also the ability to change lanes if you need to go faster.
