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Savvy in 60: What is Insurance? INSURANCE

Welcome back to ‘savvy in 60’ … A video series to keep you informed about all insurance issues.

Today we’re talking about what insurance actually is.

Insurance is basically a way to protect yourself against financial loss. Let’s say you have a car, right? While you are out and about, you are constantly at risk. Accidents, theft, fire … these are just some of the things that can cause financial loss. Instead of just facing these risks (and the financial losses that come with them), you can choose to pass these risks on to someone else.

The “some 1 else” in this situation? An insurer. You pay them an amount (a premium) and they agree to pay the cost of repairing or replacing your car if any of these risks arise.

Are you looking for that kind of peace of mind on the street? Get in touch with the team at King Price (the first and only insurer to offer monthly decreasing car insurance premiums) and put all your insurance needs in our competent hands.

Stay smart. Until next time.

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