Definition: The word "insurance" generally refers to a form of insurance that provides financial protection against future events, risks, or losses. This protection can include various types of insurance policies such as life insurance, health insurance, disability insurance, property insurance, accident insurance, and more. In summary, the term "insurance" refers to a type of financial protection that provides coverage for future expenses or risks that may arise in the future, without requiring a direct claim from a policyholder. This can be used in various sectors such as personal insurance, commercial insurance, real estate insurance, and more, depending on the specific needs of each individual or business. Definition: Insurance is an agreement between two parties where one party (the insured) agrees to pay a third party (the insurer) for damage or loss arising from the other party's actions. It provides financial protection against future risks that may affect the insured's property, assets, or personal safety.
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