Insurance

What You’ll Learn

This chapter introduces the basics of insurance, explains the main types of coverage, and breaks down key terms to help you understand how insurance protects against unexpected financial risks.

Key Takeaways:

• The purpose of insurance and how it reduces financial risk

• Common types of insurance: health, auto, home/renters, life

• Key insurance terms: premiums, deductibles, coverage, claims

• Factors to consider when choosing insurance coverage