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Well if your talking about life insurance.....
life insurance insures that if someone like an adult in your family were to die, that the rest of your family will have money to live and you wouldn't lose your house.
Car insurance-
car insurance insures that if you get into a wreck that your car will be fixed or that the person that you had a wreck with could be tried in court to give you money to pay for the damages
house insurance...
same thing, but its for you house intead of your car and it includes natural disasters....
oh here we go.. i found something on Wikipedia about insurance..
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss.
i think that is what they are for.. i hope that's what you were looking for...
:)
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∙ 12y ago
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