How insurance companies work?
They collect premiums from customers and pay claims when covered losses occur.
How does health insurance work?
You pay a premium, and the insurer covers part of your medical costs after deductibles and copays.
Types of insurance?
Common types include health, life, auto, home, travel, and business insurance.
How insurance companies make money?
They profit from collecting more in premiums than they pay in claims, plus investing the funds.
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