Insurance Category
Insurance provides financial protection against unexpected risks by transferring potential losses from individuals or businesses to an insurance company. Policies cover various areas including health, life, property, and liability, ensuring peace of mind and financial stability. Premiums are paid regularly, with coverage terms defined to mitigate specific risks. Effective insurance management reduces the economic impact of unforeseen events on policyholders.
Agreed Value vs. Actual Cash Value in Insurance: Key Differences and Which Is Best for Your Coverage