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Insurance (Involves a person paying a fee to an insurance company in…
Insurance (Involves a person paying a fee to an insurance company in return for a promise to be compensated if a particular financial loss occurs)
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Types of insurance
Mortgage Protection Insurance (required by all lenders before they will approve a mortgage to buy a house)
Motor Insurance (covers drivers in the event of an accident, it is compulsory for all cars on the road)
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