What is insurance?Explain?
 

I mean what is malpractice insurance, car insurance ,health insurance, etc. Please explain is simple, clear and easy words.

the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.

Thank essay beautiful

Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.

it was really valuable. thanks a lot