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Insurance is a means of financial security. Policies for insurance can be carried out on a number of possessions, examples of which are; car, home or phone. Life policies can also be bought. A company, the insurer, will write a policy containing the terms and conditions of the deal. The policy will contain details of the protection from financial loss, the details of more

Insurance is a means of financial security. Policies for insurance can be carried out on a number of possessions, examples of which are; car, home or phone. Life policies can also be bought. A company, the insurer, will write a policy containing the terms and conditions of the deal. The policy will contain details of the protection from financial loss, the details of cover and how the policy holder will claim in the event that their property is damaged. Some forms of insurance are compulsory, for example cars and vehicle, whilst others are optional (Home, life ETC)

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