Understanding How Insurance Underwriting Works and Why It Shapes Your Monthly Premiums

TL;DR


Summary:
- Insurance is a way to protect yourself from unexpected events or accidents. It helps you pay for things like medical bills, car repairs, or damage to your home if something unexpected happens.
- Insurance companies collect money from people who buy insurance policies, and then use that money to pay for the claims of people who experience an unexpected event.
- The article explains how insurance works and why it's important to have insurance coverage to protect yourself and your family.

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