Insurance can be described as a contract that protects the insured against losses and other problems. For example, insurance can help insured individuals and families against financial loss.
When you purchase insurance, the insurance company pays you or someone else of your choosing in the event you’re faced with an unfortunate event, such as an accident.
Even if you’re a very healthy person, having health insurance is always a good idea. With health insurance, you can have some peace of mind knowing that in case of a medical emergency, your insurance can cover your medical bills.