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How to choose the right insurance cover?

By Faustin Djoufouet Published in Classic Finance
How to choose good insurance coverage?

Insurance is a means of managing risk. When you buy insurance, you transfer the cost of a potential loss to the insurance company in exchange for a fee, called a premium. Insurance companies invest the funds securely, so they can grow and pay out in the event of a claim. Life insurance, car insurance, home insurance… there is a lot to consider for everyone. To help you get started, we've created this guide. Buying insurance is a big investment and you will want to invest wisely. How to find the best business insurance for your business? Here are some things to consider before making your decision.

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What to know about insurance

By Faustin Djoufouet Published in Classic Finance
What to know about insurance
Insurance Road Sign with dramatic clouds and sky.

We all want financial security for ourselves and our families. We know that having insurance can help us and that it can contribute to a solid financial plan. Yet many of us don't really think about insurance. Most of the time, we don't think about the risks and the unexpected (they are still unexpected!) so we leave things to chance. It may also be because we don't know much about insurance and it's way too complicated to pay attention to. But, often, we are hesitant to buy insurance. For example, why do I need to buy life insurance or health insurance as a young and healthy person? Or, why do I need insurance for my car, I have good driving skills?

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