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Insurance provides financial protection against unexpected risks, offering peace of mind and stability. Common types include health, life, auto, home, and business insurance. By paying regular premiums, policyholders ensure coverage for potential losses like accidents, illnesses, property damage, or liability claims.Insurers assess risks to determine coverage terms and premiums, tailoring policies to individual or business needs. Claims processes enable policyholders to recover costs during covered events.Insurance promotes financial security, helping ind