Insurance
Definition 1 of 2
Pro Tip 1/3
Regular Payments
Understanding insurance involves recognizing the need for regular premium payments to maintain the coverage. He set up automatic monthly payments for his health insurance.
Pro Tip 2/3
Protection Value
Insurance is valued for mitigating financial loss when unplanned events, like accidents, occur. Her travel insurance covered the lost luggage costs.
Pro Tip 3/3
Policy Conditions
Insurance agreements have terms and conditions dictating when payouts happen; awareness of these is crucial. Read your car insurance policy to understand what's covered.