In·sur·ance – noun – a coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
To put it simply, insurance is the assurance of compensation for certain unexpected losses that may happen in the future. We are aware that there are varying types of car insurance designed for different kinds of conditions. But what are those certain “conditions” that you need to know and understand? Here’s a simple checklist.
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