Insurance is important to the fabrics of societies and to economies. And one does not have to be an economist to know this. Insurance is something people buy hoping they never have to use. They purchase insurance to guards against unexpected and unaffordable losses. Where the purchasers really win is in the peace of mind the insurance policy buys them. If the worst should happen, insurance works to provide financial recovery. This knowledge has increased the demand for insurance services in the last couple of decades.
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