― Insurance can be defined as a system to lower the financial loss by passing the risk of loss of a person or entity to another.In today's world many people who already have insurance. ∙ How about you? Do you currently purchase and own an insurance policy? ∙ If so, what kind of insurance do you have? Did you read and understand the terms and conditions of the policy, before deciding to buy it? If you had not understood it correctly, what was your consideration that makes you buy the [...].