Insurance is an agreement that provides financial protection against possible losses or damages. It’s like a safety net for unexpected events, such as accidents, natural disasters, or personal liabilities. 

There are different types of insurance, like homeowners, motorcycles, health and  life insurance, and more. Each type offers specific coverage.

An insurance policy is a legal contract that explains the terms and conditions of that coverage.

The purpose is to give you peace of mind and financial security. If something unexpected happens and you have a covered loss or damage, the insurance company will help you recover and cover the costs.