One Of The Fundamental Aspects Of Adulting Is Understanding How Insurance Works. It’s A Crucial Pillar Of Financial Planning, But For Many, It Remains A Complicated, Confusing Topic. So, Let’s Break It Down, Shall We?

https://kisstech.com.ng/2023/09/16/understanding-how-insurance-works/

What Is Insurance?
Insurance, In Simplest Terms, Is A Contact, A Risk-Transfer Mechanism Ensuring Full Or Partial Financial Compensation For The Loss Or Damage Caused By Event(S) Beyond The Control Of The Insured Party.

How Does Insurance Work?
Ever Wondered, “How Does Insurance Really Work?” Well, Here’s Your Answer.

Risk Pooling
Insurance Companies Use The Concept Of Risk Pooling To Protect Against Catastrophic Losses.

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