Savings with safety and security: Auto and Home Insurance

Home Insurance Quotes

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By:
David Wilsonl

Finance>
Insurancel
Sep 05, 2008

The basics – What Insurance is? Why do you need insurance?

According to Wikipedia, insurance is:
“Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed small loss to prevent a large, possibly devastating loss”