Insurance
Insurance, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care. The most common types of insurances are: home insurance, auto insurance, life insurance, and health insurance. Auto is required in nearly every state. You can view state requirements. Home insurance mainly protects your home from a variety of things per your polic. Maily it to protect from catastrophic loss due to a fire or natural disaster. Home insurance is required by all mortgage providers.
