What is insurance Types of insurance Most humans have some form of insurance: for their car, their house, or even their life. Yet most of us don’t quit to suppose too tons about what insurance plan is or how it works. Put simply, insurance plan is a contract, represented through a policy, in which a policyholder receives monetary safety or repayment towards losses from an insurance plan company. The enterprise swimming pools clients’ dangers to make repayments extra low cost for the insured.
