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Week 7 Discussion 1 FP101

Week 7 Discussion 1 FP101 - accident There are many...

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When you purchase insurance, you are covering yourself from possible risks that can occur. Insurance is a policy that offers individuals or business financial safety against any kind of damage, if it is included in the policy. You can purchase insurance for many things, including: auto, home, disability, renters, life, health, and business. Renters insurance insures that your belongings are adequately protected. Be sure to choose enough coverage so that all of your belongings are covered. Auto insurance is required in most states. It is wise to choose full coverage rather than just the premium coverage, so that it will help to protect you and your car in the event of an
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Unformatted text preview: accident. There are many different rates at which you can purchase insurance for different things. If you want the lowest payment, but you still want to insure your belongings; they have a policy for that. They even have policies that will cover everything with no more expense to you than you are already paying them. Insurance policies are a contract between the insurer and the insured, known as the policyholder, which determines the claims which the insurer is required to pay. Insurance is paid in periods, whether it is monthly, every six months, or yearly....
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