What is Insurance?And What are the types of Insurance? Which Big Companies in USA provide insurance.

Insurance is a means of protection from financial loss.

.Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.

Insurance plans are used to hedge against the possibility of large and minor financial damages that may result from harm to the insured or his property or from liability to a third party for damage or injury.

TYPES OF INSURANCE :

1. Health Insurance

2. Car Insurance

3. Home Insurance

4. Life Insurance

5. Disability Insurance

6. Long-Term Insurance

7. Liability Insurance

Big USA companies which provide Insurance Policies:

1. Farmers

2. GEICO

3. State farm

4. Liberty Mutual

5. National Wide

6. Progressive

7. All-state