What is insurance?
Almost every adult in the UK has taken out some kind of insurance policy – whether it’s to protect themselves, their home, their car, their possessions, or their beloved pets. But what is it?
An insurance policy is essentially a contract taken out with an insurer which pays out an agreed sum of money (in the form of an income or lump sum) on a valid claim. You can buy insurance to cover many aspects of life including your income, health, your business, your car etc… Read More