Category Insurance

Insurance is an idea that is as old as humanity. The concept has remained mostly unchanged over time, which is amazing considering how many things have changed, from the first caveman who had his club broken by a wild boar to the present day when we depend on insurance plans to keep us from having to go around in fear.

An individual or institution receives financial protection or payment against losses through an insurance contract (policy) from an insurance firm.

In order to make payments to the insured more manageable, the corporation pools the risks of many different people. If you want to purchase insurance for your home and vehicle, for instance, you might choose for a policy that covers both at once and only pays out when one event occurs (as opposed to having different policies). As part of this risk pooling, you must also determine the kind of damage you are willing to accept. For example, will your insurance cover damage to a car that is parked in front of your home?

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I focus this post on Home Insurance frequently asked questions in Canada and some answers cover you if you're in the US.

Insurance

What insurance is the most important?

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Insurance

What do you mean by insurance coverage?

This post answers the question "What do you mean by insurance coverage?". Learn the basics of insurance coverage and how it can protect you and your assets. Understand the types of coverage available and how to choose the right policy for your needs

Insurance

What do you mean by insurance?

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Insurance

What is the meaning of insurance?

Have had several people ask me, what exactly is the meaning of Insurance? Insurance is an agreement between a person or company and an insurance company. The company agrees to pay a predetermined sum of money in the event of a covered loss.

Insurance

What are the 4 major types of insurance?

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Insurance

savvyfinance

Finance Blogger / Editor at Finance Glide

My name is Oluwakemi (SavvyFinance). I believe that financial education is crucial, but becoming financially better off requires access to informative resources that provide you with the necessary information to your personal financial freedom, and a great level of motivation on your path as an individual.

Personal finance should be treated seriously, but that doesn’t mean it has to be hard, which is the reason I started FinanceGlide.com