| The most popular insured risks are: home insurance -- | | | | Insurance is defined as the equitable transfer of the |
| to protect against risks of flood, fire, theft, or | | | | risk of a potential loss, from one entity to another, in |
| occupier injury; car insurance -- to hedge against risk | | | | exchange for a premium. |
| of accidents, theft, or personal injury; and, medical | | | | Other forms of more exotic insurance include insuring |
| insurance -- to help safeguard the health of you and | | | | your pet's health, insurance to monetize particular |
| your family in times of medical crisis. You can | | | | parts of the body like a dancer's legs, or insuring a |
| purchase insurance for almost any imaginable risk | | | | priceless work of art. You may also consider business |
| from an insurer, the company that sells the insurance. | | | | insurance, and insure the many and substantial risks |
| Insurance is a form of risk management primarily | | | | associated with owning your own business. |
| used to hedge against the risk of a contingent loss. | | | | |