Insurance is a financial protection plan. You pay a company (called the insurer) a fee (called a premium) and in return, they help cover your costs if something bad happensтАФlike an accident, illness, disaster, or theft.
ItтАЩs about managing risk.
ЁЯУВ Main Types of Insurance
1. ЁЯЪЧ Car Insurance
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Covers you for car accidents, theft, damage, and injuries.
2. ЁЯПе Health Insurance
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Helps pay for medical expenses like doctor visits, hospital stays, prescriptions.
3. ЁЯПа Homeowners/Renters Insurance
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Protects your home or belongings from fire, theft, or natural disasters.
4. ЁЯзНтАНтЩВя╕П Life Insurance
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Pays money to your family if you die, helping them financially.
5. ЁЯТ╝ Disability Insurance
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Replaces part of your income if you canтАЩt work due to injury or illness.
6. тЬИя╕П Travel Insurance
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Covers cancellations, medical emergencies, or lost luggage while traveling.
7. ЁЯзСтАНтЪЦя╕П Liability Insurance
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Covers legal costs if you’re sued or cause harm to others (used by businesses or professionals).
8. ЁЯР╛ Pet Insurance
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Helps pay for veterinary bills for your pets.
ЁЯТ╡ Key Insurance Terms
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Premium тАУ The amount you pay (monthly or yearly)
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Deductible тАУ What you pay out of pocket before the insurance kicks in
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Claim тАУ A request you make for the insurer to pay for a loss
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Coverage тАУ What the insurance policy actually protects you from
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Beneficiary тАУ The person who receives money from a life insurance policy
ЁЯУМ Why Do People Need Insurance?
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To protect against unexpected costs
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To meet legal requirements (e.g., car insurance)
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For peace of mind and financial stability
Would you like help with:
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Choosing the right type of insurance?
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Understanding a specific policy?
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Getting a quote?
Let me know what you’re looking for!