👉 Ransoms, in French, are a type of insurance policy that provides financial compensation to an insured party when their property is damaged or destroyed. The term "ransom" comes from Latin and means "a heavy debt." In the context of insurance, the term "ransom" refers to the obligation on the insurer to pay a specified sum to the insured upon the occurrence of a peril in a policy. Ransoms are typically paid by the insurance company as a payment for the damage or
