LeoGlossary: Insurance

4 mo (edited)
LeoFinance
0 Min Read
97 words

How to get a Hive Account


A contract to guard against loss or damage by taking out a policy with a company that agrees to a pay a specific sum if the loss or damage occurs. In exchange, the policy holder makes regular payments called premiums.

This is a hedge against financial loss.

The most common forms are:

  • Auto
  • Home
  • Life
  • Dental
  • Business
  • Long-Term Care

Some are required by law such as automobile while others optional.

General:

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