•A common misconception nowadays is that insurance is more of a burden than a necessity. You pay the insurance company money (premiums) and you get a piece of paper, and maybe a pink card and a super-cool liability card holder from Founders Insurance. Is that it?
•a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
:sana nakatulong:)
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