Lesson 31 - How long does it take? - Exercise 8
- An insurance company provides
- a guarantee against loss.
- a cheap solution in case of trouble.
- self-assurance, self-confidence.
What is insurance? It's a way of guaranteeing protection or safety. The insured person pays money to an insurance company, for protection. For example, you can buy accident insurance. If you have an accident, and can not work, the insurance company pays you a certain amount of money when you can not work.
How long does it take to receive the money from the insurance company? Sometimes it takes a long time.